KERALA FINANCIAL CODE ONLINE TEST: CHAPTER 1 DEFINITIONS

KERALA FINANCIAL CODE TEST No. 1

ONLINE TEST

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1. Rules relating to all financial transactions of Government money should be followed by every Government servant in the matter of:
   1.   Custody and disbursements
   2.   Receipts and disbursements
   3.   Collection of revenue and its remittance into treasury
   4.   Receipts, custody and disbursement
2. Rules relating to all financial transactions of Government money should be followed by every Government servant in the matter of:
   1.   Custody and disbursements
   2.   Receipts and disbursements
   3.   Collection of revenue and its remittance into treasury
   4.   Receipts, custody and disbursement
3. The Kerala Financial Code Vol.I mainly contains rules relating to all financial transactions of Government which fall into two broad classes namely:
   1.   Refunds of revenue and expenditure from public funds
   2.   Collection of revenue and its remittances into treasury
   3.   Receipts and disbursements of Government money
   4.   None of the above
4. The Head of the Office who exercise audit function of the State on behalf of the Comptroller and Auditor General of India is:
   1.   Advocate General
   2.   Accountant General (Audit)
   3.   Pay and Accounts Officer
   4.   Finance Secretary
5. A disbursement entered under one head is exactly counter balanced by a receipt under another head. Which is that entry?
   1.   Counter transfer
   2.   Receipt transfer
   3.   Book transfer
   4.   Payment transfer
6. Appropriation means
   1.   Amount required for providing supplying grants
   2.   Amount for meeting expenditure for office expenses.
   3.   Amount for regulating excess expenditure over budget allotment
   4.   Amount provided in the Budget Estimates for a unit of appropriation
7. The entries made in the Government accounts in respect of a financial transaction which does not involve any actual receipt or disbursement of cash or stores by the Government is called :
   1.   Running Account
   2.   Transfer Credit
   3.   Book Transfer/ Book Adjustment
   4.   None of these
8. The detailed estimates of the receipts and payments of a financial year is called as:
   1.   Budget estimate
   2.   Detailed estimate
   3.   Rough cost estimate
   4.   Revised estimate
9. If a Government executes work for another Government or local body or private party........................is recovered.
   1.   Centage charges
   2.   Service Charge
   3.   Administrative charge
   4.   Cess
10. The order issued by the Treasury Officer on a Sub treasury within the district for payment on Govt. account or for any authorised purpose of a specified amount to specified persons. What is it called?
    1.   Disbursement order
    2.   dishonored cheque
    3.   Cash order
    4.   Cash bill
11. The charges calculated at percentage rate on the value of work done in connection with a work, which the Govt. executed on behalf of a private party which the Govt. recover from the party for whom the work is done towards the cost of establishment and tools and plants employed in the work is called:
    1.   Contingent charges
    2.   Supervision charges
    3.   Centage charges
    4.   Service charges
12. The Chief Officer in charge of the revenue administration of a district is called:
    1.   R.D.O
    2.   Thahsildar
    3.   Collector
    4.   A.D.M
13. A written order addressed by the drawer to a bank or treasury to pay a sum of money to himself or to a third person is known as :
    1.   Cash Order
    2.   Cheque
    3.   Bill
    4.   Draft
14. A report of finishing or abandonment of the work is called
    1.   Work report
    2.   Valuation report
    3.   Completion report
    4.   Verification report
15. An undertaking by a person other than a Government servant to perform service in connection with the execution of a work
    1.   Contract
    2.   Agreement
    3.   Tender
    4.   Bond
16. ....................means the documents required in connection with the giving out of a work contract.
    1.   Centage charges
    2.   Security deposit
    3.   Contract documents
    4.   Earnest money deposit
17. A firm that has entered into a contract ( to supply stores) with Govt. is called :
    1.   Contractor
    2.   Syndicate
    3.   Purchaser
    4.   Distributor
18. The departmental officer who is entrusted with the responsibility of controlling the incurring of expenditure and or, the collection of the revenue is known as :
    1.   Disbursing Officer
    2.   Gazetted Officer
    3.   Controlling Officer
    4.   Competent Authority
19. The Officer who draws money from the treasury on bills or cheques including the pay and allowances of his office staff is known as
    1.   Controlling Officer
    2.   Countersigning Officer
    3.   Disbursing Officer
    4.   Head of Office
20. Financial year means
    1.   Calendar year
    2.   1st July to 30th June (next year)
    3.   1st April to 31st March of succeeding year
    4.   1st January to 31st December
21. The last payment on a running account made of a contractor in full settlement of the account relating to his contract, when the contract has been completed or determined is
    1.   Full payment
    2.   Final payment
    3.   Centage charges
    4.   None of these
22. Financial Year” is defined in Article .....of Kerala Financial Code :
    1.   Art.25
    2.   Art.4
    3.   Art.305
    4.   Art.3
23. Government account is the total of the :
    1.   The Consolidated Fund Account and Contingency Fund Account
    2.   Contingency Fund Account and the Public Account
    3.   The Consolidated Fund and the Public Account
    4.   The Consolidated Fund, Contingency Fund and the
       Public Account
24. Any person serving in connection with the affairs of the State is called :
    1.   Govt. servant
    2.   Service personal
    3.   Ex-Service man
    4.   Service provider
25. A State Touring Officer who is appointed solely or mainly for performing specified duties of inspection which involve touring and includes an officer who has been specially authorised to conduct inspection of any office is called :
    1.   Touring Officer
    2.   Inspecting Officer
    3.   Touring Inspector
    4.   Special Officer on Transit
26. The officers and establishment employed upon the keeping and audit of accounts of the Central Govt. and of the States means :
    1.   All India Audit Service
    2.   All India Accounts Service
    3.   Indian Audit and Accounts Tribunal
    4.   Indian Audit Department
27. The last payment made to a contractor in full settlement of the account relating to his contract when the contract has been completed is called :
    1.   First and final payment
    2.   Final payment
    3.   First payment
    4.   Down payment
28. ​Example for a local body is :
    1.   Survey Department
    2.   Taluk Office
    3.   Kerala State Audit Department
    4.   Panchayat/ Municipality/Corporation
29. ​Local Fund means
    1.   Funds operated by Local Fund Audit of Govt.
    2.   Funds operated by an autonomous body
    3.   Funds raised locally for a specific work
    4.   None of the above
30. Which of the following is not a Local fund
    1.   KSEB working fund
    2.   Market committee fund
    3.   Contingency fund
    4.   Library fund
31. Which is not a Local Fund ?
    1.   Sinking Fund
    2.   KSEB Working Fund
    3.   Panchayat Fund
    4.   District Police Welfare Fund
32. Which of the following is not a division of accounts?
    1.   Consolidated fund
    2.   Local fund
    3.   Public account
    4.   Contingency fund
33. All expenditure other than that falling under pay and allowances, contingencies and work is called
    1.   Recurring expenditure
    2.   Revenue expenditure
    3.   Miscellaneous expenditure
    4.   Capital expenditure
34. The amount payable for each unit of work, supply or service rendered is called :
    1.   Rate
    2.   Service Charge
    3.   Supply Order
    4.   Work Order
35. Transfer of funds from one unit of appropriation to another such unit is known as
    1.   Additional grant
    2.   Reappropriation
    3.   Appropriation control
    4.   Supplementary grant
36. All moneys received on behalf of Govt. by virtue of any statutory provision or of any general or special executive order of Govt. is called :
    1.   Govt. property
    2.   Govt. Finance
    3.   Cash receipt
    4.   Revenue of the State
37. Which of the following includes revenues of the State?
    1.   Proceeds of sales of land and borrowing operations
    2.   Unfunded debt and proceeds of taxation
    3.   The yield of ordinary revenue
    4.   All of the above
38. An account with a contractor on which payment for work or supplies is made to him at convenient intervals subject to final settlement of the account on the completion or determination of the contract is called :
    1.   Running account
    2.   Final account
    3.   Contract account
    4.   Current account
39. State means:
    1.   Kerala Government
    2.   State Bank of India
    3.   State Bank of Travancore
    4.   Kerala State
40. One of the sub-divisions of a large work divided in order to facilitate accounting and financial control is called
    1.   Sub work
    2.   Sub head
    3.   Minor work
    4.   Petty work
41. A distinct unit of a large work which comprises several buildings, smaller works or groups of smaller works is called
    1.   Unit work
    2.   Sub work
    3.   Petty work
    4.   Minor work
42. Which Article of the K.F.C deals with the duties and responsibilities of a Government servant deals with the collection of revenue?
    1.   Article 3
    2.   Article 4
    3.   Article 5
    4.   Article 6
43. The order of a competent authority sanctioning a properly detailed estimate of the cost of a work of construction or repair to be carried out by the PWD is called :
    1.   Work order
    2.   Financial sanction
    3.   Administrative sanction
    4.   Technical sanction
44. Budget Estimates are
    
    1.   The detailed estimates of the receipts and disbursements of a financial year.
    2.   Abstract of receipts and payments of the State
    3.   Consolidated statements of receipts and payments
    4.   Detailed accounts of the receipts and payments