EXECUTIVE OFFICE 02_ACCOUNT TEST: PAPER 1. Kerala Financial Code

KFC EXECUTIVE 02



ACCOUNT TEST [EXECUTIVE OFFICERS]
PAPER I - JANUARY, 2013 



1. Which is the institution acting as a general clearing house for adjustment of transaction between different Govts.? 

(A) Central Govt.

(B) R.B.I. at Nagpur 

(C) S.B.I.

(D) All the treasuries 

Answer:- (B) R.B.I. at Nagpur 



2. A departmental officer entrusted with the responsibility of controlling the incurring of expenditure and or the collection of revenue by the subordinate of that Department is called: 

(A) The Revenue Officer 

(B) Controlling officer 

(C) Subordinate officer

(D) Disbursing officer 

Answer:-(B) Controlling officer 


3.Which bank is transacting the business of central and State govts. as agent of R.B.I.?


(A) Branches of RBI in each states 

(B) S.B.I. 

(C) All treasuries

(D) Non-banking treasuries 

Answer:-B


4.A Govt. Servant who draws money from treasury on bills/cheques is called:

 

(A) Controlling officer 

(B) Treasury officer 

(C) Drawing officer

(D) Disbursing officer 

Answer:-D


5.Certain departmental officers are authorised to withdraw sums in lump sum from the treasury for making payments. At where the initial accounts of payments will be kept? 

(A) At the treasury

(B) At the bank 

(C) At the departmental officer 

(D) At accountant general 

Answer:-A


6. A Govt. servant draws his own pay and allowances from treasury is called: 

(A) Self drawing officer 

(B) Controlling officer 

(C) Disbursing officer

(D) Authorised officer 

Answer:-A


7. Transactions initially taken against the balance of a state which are eventually adjustable against the balance of another state are passed on to the AG of the later state through the ............ accounts.

 

(A) Exchange accounts

(B) Settlement accounts 

(C) Public accounts

(D) Civil accounts

Answer:-B


8.Last payment on a running account to a contractor, in full settlement of Last payment the account relating to his contract when the construction has been completed or determined is called: 

(A) 1 st and part payment 

(B) Deposit refund 

(C) Final payment

(D) Retention amount

Answer:-C


10. A single payment made to a contractor in full settlement of accounts relating to his contract when the contract is completed or determined is called: 

(A) I st and part payment 

(B) Advance payment

(C) First and Final payment 

(D) Last minute payment 

Answer:-C


11. Who is the chief officer in charge of the revenue administration of a district? 

(A) District Collector

(B) Addl. District Magistrate 

(C) Revenue Divisional Officer 

(D) District Administrative Officer 

Answer:-A


12. The accounts of Govt. kept in India shall be maintained in:

(A) Sterling 

(B) Dollars 

(C) Indian currency 

(D) Euro 

Answer:-C


13. A report of finishing or abandonment of the work is called: 

(A) Work report

(B) Completion report 

(C) Valuation report

(D) Verification report 

Answer:-B


14. Which of the following is not a division of accounts? 

(A) Consolidated fund

(B) Local fund 

(C) Contingency fund

(D) Public account 

Answer:-B


15. The year beginning with 1st April and ending with the following 31st March is called

(A) Financial year

(B) Calendar year 

(C) Leap year

(D) Academic year 

Answer:-A


16. An expenditure incurred with the object of increasing concrete assets of a material and permanent character or of extinguishing or reducing recurring liabilities is called: 

(A) Capital expenditure 

(B) Revenue expenditure

(C) Permanent expenditure 

(D) Recurring expenditure 

Answer:-A


17. Any person serving in connection with the affairs of the state is called: 

(A) Govt. servant

(B) Service personal 

(C) Ex-service man

(D) Service provider 

Answer:-A


18. Expenditure on a temporary asset can't be considered as expenditure of .......... nature. 

(A) Temporary expenditure 

(B) Recurring expenditure 

(C) Capital expenditure

(D) Revenue expenditure

Answer:-C


19. The detailed estimates of the receipts and payments of a financial year is called as: 

(A) Budget estimate

(B) Detailed estimate 

(C) Rough cost estimate 

(D) Revised estimate 

Answer:-A



21. 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? 

(A) Cash order

(B) Disbursement order 

(C) Dishonoured cheque 

(D) Cash bill 

Answer:-A


22.Which is the system applied in regard to the maintenance of a set of technical accounts called journal and ledger? 

(A) Single entry system

(B) Double entry system 

(C) Minus entry system

(D) Ledgerising system 

Answer:-B


23. 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: 

(A) Contingent charges 

(B) Surcharge 

(C) Centage charges

(D) Service charges 

Answer:-C


24. The main purpose of the journal and ledger is to bring out by a scientific method the balance of accounts in regard to which the Govt. accounts as a .................. which is incorrect?

(A) Banker 

(B) Remitter 

(C) Borrower 

(D) Middleman 

Answer:-D


25. Govt. account is the total of the:

(A) Consolidate fund and contingency fund 

(B) Consolidated fund and public account

(C) Contingency fund and public account 

(D) All the above 3 funds 

Answer:-D




26. Expenditure incurred by Govt. as Grant-in-aid to local bodies for the purpose of creating assets which will belong to these local bodies, can't be legitimately considered as capital expenditure. Why? 

(A) The asset produced belongs to local body 

(B) The asset produced belongs to Govt. 

(C) The asset produced belongs to None of the above

(D) The asset produced belongs to Govt. and local body 

Answer:-A


27. Any authority specifically declared by Govt. to the head of the department is called the:

(A) Governor

(B) Chief minister 

(C) Head of office

(D) Head of Department 

Answer:-D


28. The assets produced by incurring expenditure should belong to the authority incurring the expenditure is called: 

(A) Capital Expenditure 

(B) Borrowed Expenditure

(C) Revenue Expenditure 

(D) Recurring Expenditure 

Answer:-A


29. The officers and establishment employed upon the keeping and audit of accounts of the central Govt. is called: 

(A) Indian Audit Department 

(B) All India Audit Service

(C) All India Accounts Service

(D) Indian audit & accounts tribunal 

Answer:-A


30. All charges for the first construction and equipments of a project as well as charges for intermediate maintenance of work which not yet opened for service is called: 

(A) Expenditure on repair charges 

(B) Capital expenditure

(C) Revenue expenditure 

(D) Maintenance charges 

Answer:-B


31. A state touring officer who is appointed solely or mainly for performing specified duties of inspection which involve touring and includes an officer whose has been specifically authorised to conduct inspection of any office is called: 

(A) Touring officer

(B) Inspecting officer 

(C) Touring inspector

(D) Special officer on transit 

Answer:-B


32. All expenditure other than that falling under pay and allowances, contingencies and work is called: 

(A) Miscellaneous expenditure 

(B) Recurring expenditure

(C) Revenue expenditure 

(D) Capital expenditure 

Answer:-A


33. All charges for further additions and improvements as may be sanctioned under rules made by competent authority is called : 

(A) Capital expenditure 

(B) Authorised expenditure

(C) Additional expenditure 

(D) Revenue expenditure 

Answer:-A


34. The extend of work done, supplies made or service rendered, when these can be measured, weighed or counted is known as: 

(A) Extension for completion of work 

(B) Measurement 

(C) Quantity

(D) Stock 

Answer:-C


35. The transit pay and allowances of a Govt. servant proceeding on transfer to join an office, be debited to the office to which be is : 

(A) Transferred from

(B) Transferred to

(C) Both of the two

(D) None of the two 

Answer:-B


36. Charges for interest during the process of construction of project are temporarily met from: 

(A) Capital account

(B) Revenue account 

(C) Suspense account

(D) Consolidated fund of the state 

Answer:-A


37. The amount payable for each unit of work, supply or service rendered is called: 

(A) Work order

(B) Supply order

 (C) Service charge

(D) Rate 

Answer:-D


38. The transit pay and allowances of officers lent to other departments are debitable to ........... department. 

(A) Lending department 

(B) Both department

(C) Borrowing department 

(D) None of the above 

Answer:-C


39. The transfer of savings in the appropriation for unit of appropriation to meet excess expenditure anticipated under another unit 

(A) Unit transfer

(B) Savings bank account 

(C) Appropriation

(D) Re-appropriation 

Answer:-D


40. Leave allowances of an officer transferred from one department to another, which of earned leave are from the date of the orders of transfer, charged to the ................ department. 

(A) New 

(B) Old 

(C) Both

(D) None 

Answer:-A


41. 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:

(A) Govt. property

(B) Govt. finance

(C) Cash receipt

(D) Revenue of the state 

Answer:-D


42. Washing allowance paid to class IV employees shall be claimed under: 

(A) Washing allowance

(B) Salaries 

(C) Special allowance

(D) Other allowance 


Answer:-A


44. T.A. of a Govt. servant shall be debited to:

(A) Same head as his pay 

(B) Different head from his pay 

(C) No head of account

(D) Any head of account of Govt. 

Answer:-A


45. An account with a contractor on which 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: 

(A) Contract account

(B) Final account

(C) Current account

(D) Running account 

Answer:-D


46. TA of an officer paid from a local fund may, when travelling in the execution of Govt. Duty, be paid and charged to:

(A) Local fund

(B) General revenue 

(C) Borrowed fund

(D) Suspense account 

Answer:-B


47. One of the subdivisions of a major work divided in order to facilitate accounting and financial control is called : 

(A) Sub work

(B) Sub head 

(C) Minor work

(D) Petty work 

Answer:-B


48. TA of an officer paid from General Revenue while travelling on duty connected with local fund, may be charged to the 

(A) Local fund

(B) General revenue 

(C) Common fund

(D) Suspense account

Answer:-A


 49. A distinct unit of a large work which comprises several buildings, smaller works, or group of smaller work is called:

(A) Unit work 

(B) Sub work 

(C) Petty work 

(D) Minor work 

Answer:-B


50. The T. A. and Dally allowance to an officer of State Govt. appointed as member of a committee set up by the Central Govt. are governed by the rules of: 

(A) State

(B) Central 

(C) Both State and Central 

(D) Committee A

Answer:-A


51. The order of a competent authority sanctioning a property detailed estimate of the cost of work of construction or repair to be carried out by the PWD is called: 

(A) Work order

(B) Financial sanction 

(C) Administrative sanction 

(D) Technical sanction 

Answer:-D


52. TA and DA paid to officers of state appointed as members of committees set up by the Central Govt. is borne by the 

(A) State Govt.

(B) Govt. Officer 

(C) Central Govt.

(D) Both State and Central equally 

Answer:-C


53. The lowest account head, under which the Govt. places a specific appropriation at the disposal of spending authority concerned is called: 

(A) Sub-head

(B) Minor head 

(C) Detailed head

(D) Re-appropriation 

Answer:-C


54. The departmental revenue accounts should not be compiled from the returns prepared by: 

(A) A.G

(B) Departmental officer 

(C) Treasury

(D) Bank 

Answer:-C


55. An officer of Govt. required to attend meetings in connection with the affairs of a corporation shall claim TA & DA according to the TA rules of Govt. applicable to : 

(A) Corporation

(B) The officer

(C) Meeting

(D) A lump sum amount 

Answer:-B


56. Revenue collected in one district on account of another should be credited in the treasury account of ..........district under the appropriate head of A/c and the fact intimated to the appropriate departmental officer in the district concerned: 

(A) Payable district

(B) Receiving district 

(C) Both district

(D) None of the district but to that of the State 

Answer:-B


57............ accounts should not be compiled from the returns prepared by the treasury. 

(A) Savings bank

(B) Departmental revenue accounts 

(C) Personal account

(D) Expenditure account 

Answer:-B


58. Rent received from officers sharing office-cum-residence accommodation in private buildings will be classified as.........of the departments concerned.

(A) Payments 

(B) Receipts 

(C) H.R.A. 

(D) Debt 

Answer:-B


59. Every ............... Officer should obtain regular accounts and returns from his subordinates for the amounts realised by them and paid into treasury and consolidate figures in a register: 

(A) Treasury officer

(B) Drawing and disbursing officer 

(C) Departmental controlling officer 

(D) Inspecting officer 

Answer:-C


60. When a private building is partly used for office purpose and partly for residential purposes, the rent is payable: 

(A) Fully by Govt. 

(B) Fully by the officer who is residing in a portion 

(C) Proportionate share by Govt. and occupant

(D) Fully reimbursed to the officer from Govt. 

Answer:-C


61. Rents recovered on account of buildings in charge of departments other than PWD should be treated as: 

(A) PWD receipts . 

(B) Common receipts

(C) Departmental receipts 

(D) Miscellaneous receipts 

Answer:-C


62. Which of the following services is not received from offices of the motor vehicles department on payment of fees?

 (A) Duplicate conductor's licence 

(B) Testing order

(C) Fuel consumption certificate 

(D) Tourist permits 

Answer:-C


63. When a private building is entirely used for office accommodation, the rent is wholly chargeable to:

(A) Government

(B) Municipal tax 

(C) Income tax 

(D) Building tax 

Answer:-A


64. Expenditure on petty repairs connected with a building which is under administrative control and within the limit of a department, it should be charged as .................. of the department. 

(A) Capital expenditure 

(B) Revenue expenditure 

(C) Contingent expenditure 

(D) Miscellaneous expenditure 

Answer:-C


65.The following service is not received from the motor vehicles department offices, on payment of fees: 

(A) Hire purchase endorsement 

(B) Transfer of insurance certificate

(C) Duplicate insurance certificate 

(D) Pollution certificate

Answer:-D


66. Collections Register is to be checked in comparison with the counterfoil of receipts and the inspecting officer should see that the total of the register of receipts agrees with total of chalans and balance: 

(A) to be recovered

(B) in hand 

(C) in bank

(D) paid to treasury 

Answer:-C


67. The responsibility for recovering rent of Govt. buildings in charge of the Forest Department due from Govt. servant rests mainly with: 

(A) With the AG

(B) With the Treasury officer 

(C) With the Departmental officer concerned

(D) With the Local body in which the Govt. the building is located at 

Answer:-D


68. The receipts and payments which can't be at once taken to a final head of receipt or charge owing to lack of information as to their nature or for any other reason may be held temporarily under the ......... head. 

(A) Borrowed head

(B) Lending head 

(C) Suspense head

(D). Other receipts 

Answer:-C


69. The responsibility for recovering rent in respect of the buildings in charge of PWD which are used wholly or partially as residences rest mainly on the ..... of the division in which the building is located. 

(A) The treasury officer 

(B) Disbursing officer 

(C) Local body

(D) Exe. Engineer, PWD 

Answer:-D


70. The period of limitation of arrear claim in respect of pay and allowances, of an employee is........ years from the date at which it fell for payment.

(A) 5 years 

(B) 3 years 

(C) 2 years 

(D) No limit 

Answer:-A


71. When any building belonging to the Govt. is let to a person not in service of Govt. the full assessed rent for each month should always be recovered from him in 

(A) In advance

(B) In equal quarterly instalments

(C) In reply to: lump yearly 

(D) In reply to: bimonthly instalments 

Answer:-A


72. When a building belong to Govt. is let to a person in receipt of pension should be treated as: 

(A) Tenant

(B) Private person 

(C) Persons in Govt.

(D) Pensioner 

Answer:-B


73.A gazetted officer has handed over the charge to another gazetted officer in the same office on entering on leave. Write on his return from leave, the officer to whom he was given charge was on training. What is the procedure to take the charge?

(A) he has to wait till the officer to whom he has handed over return after training 

(B) he has to extend the leave till the other officer returns from training 

(C) he has to call back the other from training 

(D) he can assume charge after obtaining counter signature by the head of office 

Answer:-D


74. When no suitable Govt. building is available private building may be hired for public purposes with the sanction of Govt. The rent being paid by: 

(A) By PWD

(B) By Department occupying it 

(C) By the District Collector 

(D) By the Tourism Department

Answer:-B


75. Certain departmental officers are authorised to withdraw sums in lump from the bank for making payments. At where the initial accounts of payments will be kept? 

(A) At the treasury

(B) At the Bank 

(C) At the A.G

(D) At the departmental officer 

Answer:-D


76. The municipal tax assessed on the annual value of the private buildings in which accommodation is provided to a Govt. office, should be paid by : 

(A) By the owner

(B) By the Govt. 

(C) By the Local body

(D) By the PWD 

Answer:-A


77. A receipt of which full particulars are not given must be taken to the head: 

(A) Suspense head

(B) Other receipts 

(C) Unknown credits

(D) Surplus receipt 

Answer:-B


78. For what purposes, the advances for the removal of encroachments are used? 

(A) To remove the encroachments in case the parties fail to remove by themselves on Govt. property by the parties 

(B) To remove the encroachments of Govt. departments on private parties

(C) To give the value of land acquired by Govt. 

(D) To remove the unserviceable articles from the sites acquired by Govt. 

Answer:-A


80. In which of the following cases, the counter signature by the superior authority is required in the charge report of the Go's? 

(A) Where a 'Go' assumes charges of a newly created post 

(B) Where be relinquishes charge of a post which has been abolished 

(C) Where a 'Go' vacates a post for a short period (casual leave) and no final appointment is made in his place 

(D) Where a 'Go' on his return from leave, the officer to whom he had handed over charge, has entered on leave 

Answer:-D



82. When a family has been left in indigent circumstances upon the death of the Govt. servant on whom it was dependent and in immediate need of financial assistance. What kind of advance will be paid? 

(A) Dies-in harness appointment to dependant 

(B) TA advance for family from residence to office for receiving the pensionary claims due to the officer 

(C) Advance for immediate relief to families of officer who dies while on duty 

(D) Not eligible for anyone of the above 

Answer:-C


83. What is the eligible amount of transfer pay advance to a Govt. servant on promotion transfer? 

(A) Pay of the Govt. servant before transfer 

(B) Pay of the Govt. servant after transfer 

(C) Highest of the above 

(D) Lump amount of Rs. 10,000 (Rupees ten thousand only)

Answer:-A


84. Which of the following allowances have been declared by the state Govt, not to be exempted from attachment by orders of a court? 

(A) TA

(B) Conveyance allowance 

(C) Pay and allowance

(D) House rent allowance 

Answer:-C



86. Name the authority who keeps the accounts of the state and exercises audit functions in relation to those accounts: 

(A) Public accounts committee 

(B) Accountant general

(C) Treasury authorities 

(D) Finance Inspection wing 

Answer:-B


87. Amount of closed S.B. account pending payment for want of heirship certificate. In which kind of deposit is accounted? 

(A) Civil Court Deposits 

(B) Revenue Deposits 

(C) Personal Deposits

(D) Fixed Deposits 

Answer:-B


88. The formal acceptance of a proposal that the PWD should incur a specified amount of expenditure on a specified work required by the Administrative Department. Choose the correct: 

(A) PWD sanction

(B) Permissive sanction 

(C) Technical sanction

(D) Administrative sanction

Answer:-D


89.Commission deposited in connection with forest cases. In which kind of deposits it is accounted? 

(A) Criminal court deposit 

(B) Personal deposit 

(C) Revenue deposit

(D) Forest deposit 

Answer:-C


90. Amount provided in the budget estimate for a unit of appropriation or part of that amount placed at the disposal of a disbursing officer. Choose the correct word from the following: 

(A) Budget allotment

(B) Estimated amount 

(C) Appropriation

(D) Annual financial statement 

Answer:-C


91. Amount attached by the Munsiff court from salaries is accounted in: 

(A) Civil court deposit

(B) Criminal Court Deposit 

(C) Revenue Deposit

(D) Personal Deposit

Answer:-A


92. "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 Govt." What is it called?

(A) Book adjustment

(B) Direct adjustment 

(C) Cash adjustment

(D) Cheque adjustment 

Answer:-A


93. Compensation due to the injured party is deposited in which deposit? 

(A) Revenue deposit

(B) Civil court deposit 

(C) Criminal court deposit 

(D) Personal deposit 

Answer:-C


94. A disbursement entered under one head is exactly counter balanced by a receipt under another head. Which is that entry? 

(A) Counter transfer

(B) Book transfer 

(C) Receipt transfer

(D) Payment transfer 

Answer:-B


95. What kind of deposit is "caution money collected by colleges"?

(A) Security deposit 

(B) Personal deposit

(C) Revenue deposit 

(D) Deposit for govt. owned undertakings 

Answer:-B


96. It is his duty to assist the govt. in the preparation of their annual financial statement and to give such information as they may ask for from time to time. Whose duty? 

(A) Govt. in finance department 

(B) Public accounts committee 

(C) State legislature

(D) Accountant general 

Answer:-D


97. Any kind of undertaking written or verbal, expressed or implied, by a person other than a Govt. servant to construct, maintain repair or to supply certain stores or to perform any service in connection with the execution of a work or the supply of the stores ........ is called: 

(A) Draft

(B) Contract 

(C) Re-appropriation

(D) Market value 

Answer:-B


98. The document required in connection with the giving out of work on contract is called: 

(A) Documentary evidence 

(B) Contract document 

(C) Contract bill

(D) Contractor's profit 

Answer:-B


99. Contingency fund of India is at disposal of:

(A) The president of India 

(B) The finance minister 

(C) Parliament

(D) Comptroller and auditor General 

Answer:-A


100. A firm that has entered into a contract (to supply stores) with Govt. is Called:

(A) Syndicate

(B) Contractor 

(C) Purchaser

(D)Distributor

Answer:-B


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