KFC ONLINE TEST : No. 13

KERALA FINACIAL CODE: TEST PAPER. 13

ONLINE TEST

CHAPTER XII :LOCAL FUNDS

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1. Government function as a ………………………...in regard to Deposit of Local Funds
   1.   Treasury Officer
   2.   Banker
   3.   Owner
   4.   Auditor
2. Funds of Local Funds are credited in Govt .accounts under the head
   1.   Deposits of Local Funds - in the public accounts division
   2.   Contingent Fund
   3.   Consolidated Fund
   4.   Local Fund account
3. Which is treated as “Local Fund”?
   1.   District Funds
   2.   K.S.R.T.C. Working Fund
   3.   Library Fund
   4.   All above
4. The department in which first performance budget was introduced in the state
   1.   agriculture
   2.   fisheries
   3.   public works
   4.   social justice
5. Which of the following is not a Local Fund?
   1.   Municipal Fund
   2.   KSEB Working Fund
   3.   Market Committee Fund
   4.   Karunya Benevolent Fund
6. Which is not included in some of the classes of local funds is
   
   1.   District funds
   2.   Municipal funds
   3.   Kerala state road transport corporation working fund
   4.   Provident fund
7. Which is not coming under "Local Fund"?
   
   1.   Kerala State Electricity Board Working Fund
   2.   Market Committee Fund
   3.   Library Fund
   4.   Mutual Fund
8. Arrear claims including those relating to statutory grants will be sanctioned by Government when the claim is preferred within ____________ years subsequent to the year in which the payment was due.
   1.   One year
   2.   Three years
   3.   5 years
   4.   Six years
9. What is the time limit prescribed for claiming a grant by a local body for a work done for which the Govt has promised a grant?
   1.   Within 2 months
   2.   Within three months
   3.   Within six months
   4.   Within one year
10. Accounts of the Local bodies are audited by __________.
    1.   Chartered Accountants
    2.   Auditors appointed by local bodies
    3.   Director of co-op-Audit
    4.   None of the above