KFC ONLINE TEST : No. 10

KERALA FINACIAL CODE : Test Paper 10

ONLINE TEST

CHAPTER IX : LOANS AND ADVANCES

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1. Loans bearing interest made by Government fall under the main heads :
   1.   Loans to Local Funds
   2.   Loans to private parties
   3.   Loans to Government servants
   4.   All the three above
2. What are the two heads under which advances not bearing are interests made by the Government ?
   1.   Advances for cultivation and advance to Govt. servants
   2.   Advances repayable and permanent advance
   3.   Permanent advance and temporary advance
   4.   Onam advance and T.A. advance
3. All officials responsible for the maintenance of loan registers and for watching the recovery of loans will issue………....to the loanees sufficiently in advance of the due dates for payments.
   1.   Warning notice
   2.   Demand notice
   3.   Payment notice
   4.   Reminder notice
4. What is the rate of penal interest for all overdue installments of loan?
   1.   2 ½ %
   2.   2%
   3.   3%
   4.   3 ½ %
5. Under which category, loans for development of large scale, small scale and cottage industries come?
   1.   Advance to Cultivators
   2.   Miscellaneous loans and advances
   3.   Loans to Panchayat Raj Institutions
   4.   Loans and advances under community development programmes
6. The interest bearing advance given to Government servants does not include:
   1.   House Building Advance
   2.   Cycle Advance
   3.   Marriage Advance
   4.   Onam Festival Advance
7. Which of the following is an interest free advance?
   1.   Motor cycle advance
   2.   Advance for officers deputed for training
   3.   Advance for motor cycle
   4.   Advance for house building
8. Advance may be given to purchase furniture
   1.   All Govt. Servants
   2.   All Gazetted Govt. Servants
   3.   All Non-Gazetted Govt. Servants
   4.   Junior IAS officers
9. The interest of loan sanctioned to a Government servant will be recovered:
   1.   From the first month of salary after disbursing loan
   2.   With the principal amount
   3.   With the pay of the next month after the repayment of the principal is completed
   4.   None of the above
10. Loans earning interest, made by the Government is :
    1.   Permanent advance
    2.   Pay advance
    3.   T.A. advance
    4.   Loans to Government servants
11. Which is not an interest free advance?
    1.   Mosquito net advance
    2.   Advance for medical purpose
    3.   Travelling allowance advance
    4.   Marriage advance
12. Interest free advance of comparatively small magnificent recoverable or less than ________ installments.
    1.   30
    2.   40
    3.   12
    4.   60
13. No authority subordinate to ....................... has power to sanction any advance for the purchase of the motor conveyance
    1.   Government
    2.   District Collector
    3.   Tahsildar
    4.   Head of Department
14. An officer who has taken a motor car advance will be entitled to a fresh advance only after the lapse of _______________ years from the date of drawal of previous advance.
    
    1.   10
    2.   50
    3.   25
    4.   15
15. The maximum number of instalments of repayment of motor car advance is
    
    1.   144
    2.   108
    3.   120
    4.   60
16. House Building Advance will not be sanctioned to Government servants for :
    1.   Purchase of a site and for the construction of a house thereon for personal residence
    2.   Construction of house for personal residence
    3.   Making minor repairs of existing house
    4.   Purchase of site with house for personal residence
17. The House building Advance sanctioned to a Govt. employee in Kerala may be for
    1.   Construction of a house for personal residence
    2.   Purchase of site with house for Tourist residence
    3.   Purchase of site with hotel for personal business and repairs thereto
    4.   All of the above
18. The minimum period of service required for the sanction of House Building Advance:
    1.   2 years
    2.   10 years
    3.   5 years
    4.   3 years
19. Applications from the All India Service Officers for advance can be sanctioned by
    
    1.   Govt. of India
    2.   Government in the Finance Department
    3.   Secretary to Government, Legislative Department
    4.   The President of India
20. Joint application for advance by employees serving in different dept. will be sanctioned by ............
    
    1.   Joint Secretary, General Administrative Dept.
    2.   Secretary, Law Dept.
    3.   Govt. in Finance Dept.
    4.   Head of Depts.
21. The maximum amount of House Building Advance payable to Government servants whose application is received on or after 01.04.2016 is
    
    1.   Fifteen lakhs
    2.   Twenty lakhs
    3.   Twenty five lakhs
    4.   Twelve lakhs
22. The House Building Advance amount should be utilized for the purpose for which it is granted within a reasonable time not exceeding ________ from the date of full disbursement of the loan.
    
    1.   Two years
    2.   One years
    3.   Three years
    4.   Six months
23. When husband and wife are Government employees House Building Advance can be sanctioned :
    1.   To husband only
    2.   To wife only
    3.   To both on joint salary basis
    4.   To both if they are having children
24. The rate of interest for house building advance will be that fixed by the Government as applicable on :
    1.   Date of sanction of advance
    2.   The date on which the advance is drawn
    3.   The date of application for advance
    4.   None of the above
25. Interest on house building advance sanctioned by Government is
    1.   Compound
    2.   Flat
    3.   Simple
    4.   EMI
26. House building advance to Non Gazetted officer is sanctioned by
    1.   head of dept.
    2.   head of office
    3.   administrative dept.
    4.   finance dept.
27. The authority to release the mortgage deed to the borrower is
    1.   Registrar of the area of the borrower
    2.   The Accountant General after obtaining approval from the sanctioning authority
    3.   The Finance Department
    4.   Sanctioning Authority /Head of the Department after obtaining approval from AG
28. Draft release deed in Form No.52 is valid for. ....months from the date of execution.
    1.   One year
    2.   Six months
    3.   Four months
    4.   One month
29. Is Stamp duty payable for the release deed to be executed by the Government in respect of property mortgaged by Government Servant for availing House Building Advance
    1.   Has to be paid by the Government Servant
    2.   50% of the stamp duty has to be paid by the Government Servant
    3.   Stamp duty has to be paid if the loanee is a Gazetted Officer
    4.   No stamp duty need to be paid
30. The maximum number of monthly instalments in which the cycle advance to be repaid by the Government servants will be
    1.   15
    2.   20
    3.   25
    4.   30
31. The cycle advance when sanctioned should be drawn within a period of ............... from the date of sanction
    1.   Fifteen days
    2.   One month
    3.   Two months
    4.   Three months
32. Class IV employees are eligible for marriage advance of their female children up to
    1.   15 times of basic pay or Rs. 1,50,000 whichever is higher
    2.   10 times of basic pay or Rs. 20,000 whichever is higher
    3.   25 times of basic pay or Rs. 1,00,000 whichever is higher
    4.   30 times of basic pay or Rs. 1,00,000 whichever is higher
33. Penal interest for the default of repayment of advance to Class IV employees is
    
    1.   12%
    2.   2.5%
    3.   5%
    4.   18%
34. Number of equal monthly instalments of recovery in the case of special advances granted by Government to an officer deputed for training abroad for a period exceeding six months is :
    1.   Ten
    2.   Twelve
    3.   Fifteen
    4.   Twenty
35. The authority to release the mortgage deed to the borrower is
    1.   Registrar of the area of the borrower
    2.   The Accountant General after obtaining approval from the sanctioning authority
    3.   The Finance Department
    4.   Sanctioning Authority /Head of the Department after obtaining approval from AG
36. The request for release of mortgages after complete repayment If the loan and interest will be recommended to the sanctioning authority by
    
    1.   Director of Treasuries
    2.   Finance Department
    3.   Head of Department
    4.   Accountant General
37. Advance on transfer is _________ advance.
    1.   Civil
    2.   Permanent
    3.   Special
    4.   Revenue
38. What is the maximum amount payable to a Government employee as an advance for the Thiru Onam Festival?
    1.   ₹ 20,000
    2.   ₹ 10,000
    3.   ₹ 5,000
    4.   ₹ 7500
39. Advance for Thiru Onam Festival will be drawn and disbursed on the last......................days prior to Onam holidays
    1.   Five working
    2.   Ten working
    3.   Two working
    4.   Three working
40. Advance for Thiru Onam festival will be recovered in .........equal monthly instalments.
    1.   Three
    2.   Five
    3.   Eight
    4.   Four
41. Advance sanctioned to Government servants for religious festivals is called :
    1.   Festival Advance
    2.   Special Advance
    3.   Civil Advance
    4.   Revenue Advance
42. Advance pay given to a Government servant on transfer will be recovered in :
    1.   2 equal monthly instalments
    2.   3 equal monthly installments
    3.   5 equal monthly instalments
    4.   10 equal monthly instalments
43. Who is the authority to sanction advance for the payment of immediate relief to the families of employees who die in harness?
    1.   Head of the Department / Office
    2.   Minister in charge of the Department
    3.   Secretary to Govt. in charge of the Department
    4.   Secretary to Govt., Finance Department
44. What is the maximum time limit specified under the rules for adjusting advances granted to families of employees who die in harness
    
    1.   3 months
    2.   4 months
    3.   2 months
    4.   6 months
45. Mosquito net advance will be paid during the month of:
    1.   January
    2.   December
    3.   June & July
    4.   April and May
46. Advance for Medical purpose bears interest @ _________.
    1.   12%
    2.   18%
    3.   6%
    4.   No interest
47. In the case of repayment of medical advance loan, the utilization certificate/claim for reimbursement should be furnished to the loan disbursing authority within a period of ..............months of receipt of the loan
    1.   Six
    2.   Four
    3.   Three
    4.   Two
48. Advance for eradication of plant pests is _________ advance.
    1.   civil
    2.   forest
    3.   revenue
    4.   special
49. Advance for removal of encroachment is ____________.
    1.   Civil Advance
    2.   Forest Advance
    3.   Revenue Advance
    4.   Permanent Advance
50. Advance for demarcation purpose is contained in the :
    1.   Kerala Registration Act
    2.   Kerala Land Use Act
    3.   Kerala Survey Manual
    4.   Kerala Revenue Recovery Act .
51. Advance for the removal of encroachments are drawn by
    1.   Village Officer
    2.   District Collector
    3.   Revenue Divisional Officer
    4.   Tahsildar
52. Who will recover the amount spent in connection with the removal of encroachment :
    1.   Sub - Inspector of Police
    2.   Circle Inspector of Police
    3.   Revenue Divisional Officer
    4.   Village Officer
53. DCB statement means :
    1.   Dividend Collection Balance Statement
    2.   Demand Collection and Balance Statement
    3.   Dividend Certificate Balance Statement
    4.   Dividend Certificate Book Balance Statement
54. Forest Advances may be utilised for :
    1.   As advance for executing works
    2.   For contingent expenses
    3.   For petty disbursements under travelling allowances
    4.   All of the above
55. ________ will furnish the Govt. with the annual statement of outstanding loans to enable the Govt. to review the transactions.
    1.   Head of depts.
    2.   Controlling officers
    3.   Disbursing officers
    4.   Accountant General
56. Who will furnish the Government the closing balance report of loans so that the Government can conduct a proper review?
    1.   Accountant General
    2.   Heads of Departments
    3.   Director of Treasuries
    4.   District Collectors
57. The major loan disbursing department should forward to Government in the Finance Department :
    1.   Monthly statement
    2.   Quarterly statements
    3.   Half yearly statements
    4.   Annual statement
58. Utilisation certificate of loans to local bodies are issued by :
    1.   Accountant General
    2.   Director State Audit Dept
    3.   Directorate of Panchayat
    4.   None of the above
59. The authorities were authorised to remit or write off loans and advances to the extent of the powers delegated to them are contained in the :
    1.   KSR
    2.   Kerala Account Code
    3.   Kerala Treasury Code
    4.   Book of Financial Powers
60. Who makes necessary adjustments in the accounts when an irrecoverable loan or advance is written off will be registered by the departmental authorities?
    1.   Finance Department
    2.   Head of Department
    3.   Revenue Department
    4.   Accountant General
61. What is the maximum liability due to Govt. by a last grade employee, that can be written off in cases of dying -in-harness?
    1.   1 lakh
    2.   entire amount due to Govt.
    3.   2 lakh
    4.   5 lakh
62. Applications from the All India Service Officers for advance can be sanctioned by
    1.   Govt. of India
    2.   Government in the Finance Department
    3.   Secretary to Government, Legislative Department
    4.   The President of India
63. When a Govt. employee died while he is in service, his liabilities can be written off as per prevailing rules in force by the Government. These liabilities include
    1.   House Building advance
    2.   Motor Cycle advance
    3.   Interest free medical advance
    4.   All of the above
64. -____________ leave salary will be paid in advance to govt. employee proceeding on leave.
    1.   15 days
    2.   7 days
    3.   one month
    4.   two months
65. Who is the competent authority to sanction an advance of travelling allowance for non gazetted officers?
    1.   Head of Dept
    2.   Head of office
    3.   Treasury Officer
    4.   Govt.

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