As a general principle Grants-in-aid can be given to a person or a public body or an institution having a(a) distinct legal entity (b) sound financial position(c) credible performance record (d) substantial working force AnswerAnswer: A No new autonomous institutions should be created by Ministries or Departments without the approval of the(a) Parliament (b) President(c) … Read more
GFR 2017 Chapter 7: Inventory MCQ Who should certify that he has actually received the material and recorded it in the appropriate stock registers?(a) The Store-keeper (b) The cashier(c) The officer-in-charge of stores (d) The head of office Answer Answer: C Pick the incorrectly matched Option Particular Form in which maintained a Fixed Assets such … Read more
Works which add capital value to existing assets but do not create new assets are called(a) Original Works (b) Repair Works(c) Minor Works (d) Contingent Works Answer Answer: C New constructions, site preparation, additions and alterations to existing works, special repairs to newly purchased or previously abandoned buildings or structures, including re-modelling or replacement are … Read more
In this post we have discussed all important MCQ related to Chapter 3 ie BUDGET FORMULATION AND IMPLEMENTATION Financial Year covers the period(a) From 01 Jan to 31 Dec(b) From 01 April to 31 March next year(c) From 01 July to 30 June next year(d) 01 September to 31 August next year Answer Answer: B … Read more
All moneys received by or on behalf of the Government either as dues of Government or for deposit, remittance or otherwise, shall be brought into Government Account(a) on the same day (b) within 24 hours (b) as soon as possible (d) without delay Answer Answer: D All moneys received by or on behalf of the … Read more