KFC ONLINE TEST : No. 12

KERALA FINANCIAL CODE: TEST PAPER. 12

ONLINE TEST

CHAPTER XI :LOSSES OF PUBLIC MONEY OR PROPERTY

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1. Losses of cash due to acceptance of counterfeit coins in State treasuries without Government sanction is a
   
   1.   Personal Liability
   2.   Department Liability
   3.   Contingent Expenditure
   4.   None of these
2. Fidelity Guarantee Insurance is a :
   1.   Civil Court's Deposits
   2.   Criminal Court Deposits
   3.   Personal Deposits
   4.   Security Deposits
3. Register of fidelity guarantee policies is in Form No. :
   1.   42
   2.   43
   3.   44
   4.   41
4. The amount of security required for each security post to be covered by Fidelity Insurance should be fixed:
   1.   With due regard to the circumstances
   2.   With due regard to the local conditions
   3.   With rules contained in the departmental code
   4.   With regard to all of the above
5. When the contractor furnish security deposit in the form of cash Government will
   1.   Pay no interest for the deposit
   2.   Pay interest at the rate applicable to Treasury Savings Bank
   3.   To Pay interest at the rate applicable to Post Office Savings Bank
   4.   Pay interest at the rate applicable to National Savings Certificates.
6. Government will pay ............interest of any deposit held by them in the form of cash
   1.   6%
   2.   8%
   3.   No
   4.   None of these
7. The security taken from a contractor should be in :
   1.   Treasury Savings Bank Deposits
   2.   Post Office Savings Bank Deposits
   3.   Post Office Cash Certificates
   4.   All of the above
8. Registration of security bond is compulsory if the security furnished is in the form of:
   1.   Immovable Property
   2.   Debenture
   3.   NSS Certificate
   4.   Share Certificate
9. If registration of security bond is considered necessary, it should be done at the expense of:
   1.   Depositor
   2.   Both depositor and Govt.
   3.   Government
   4.   None of these
10. All the Treasury and Post Office Savings Bank pass books kept in the safe custody as security should be sent to Treasury and Post Office, each year for entering interest:
    
    1.   After 31st March of each year
    2.   After 15th March of each year
    3.   After 15 June of each year
    4.   After 30th June of each year
11. The articles deposited in the Treasuries for safe custody should be verified at least once a year by:
    1.   The District Collector
    2.   The Contractor
    3.   The Officer who deposited the articles
    4.   The Contractor and the officer jointly
12. For the purpose of verification, the articles deposited in a Treasury for safe custody should be taken back and re-deposited by the officer who deposited them :
    1.   two years
    2.   five years
    3.   three years
    4.   once in a year
13. When a Government servant is to be transferred to foreign services under private employer, three months pay in foreign service shall not be deposited in the form of:
    1.   Promissory Notes endorsed in favour of Government
    2.   Stock Certificates
    3.   Cash paid as Revenue Deposit
    4.   Cheque
14. An irregularity or loss of money comes to notice of any govt. servant shall be reported as per ___________ of KFC Vol - 1.
    1.   Art 223
    2.   Art 28
    3.   Art 12
    4.   Art 297
15. The Acceptance of counterfeit coins or notes shall be regarded as a loss of cash
    1.   Wrong
    2.   Partly wrong
    3.   Partly correct
    4.   Correct
16. Write of losses are as per ________ of KFC Vol.I
    1.   Art 85
    2.   Art 112
    3.   Art 300
    4.   Art 220
17. Relinquishment of claims after exhausting all possible means of recovery is :
    1.   Write off
    2.   Remission
    3.   Reduction
    4.   Recovery
18. Every Head of Department should submit annually on or before ..........to the AG a statement showing all the amounts written off during the preceding financial year.
    1.   1st January
    2.   1st April
    3.   1st June
    4.   1st September
       
       
       Correct Answer:- Option:(C) 1st June
19. Losses due to depreciation may be occurred due to some general phenomena; which are these?
    1.   Wear and tear
    2.   Normal fluctuation in the market
    3.   Neglect after purchase
    4.   All of these
20. If damage to immovable, Government property caused due to calamity, the fact may be intimated to.........in Form 47
    1.   Immediate superior
    2.   Head of Department who will report to Government
    3.   Accountant General
    4.   All of the above .
21. The general principles and procedures for fixing and enforcing responsibility of losses is explained in _______________.
    1.   Art. 294 KFC Vol-1
    2.   Art. 303A KFC Vol-1
    3.   Art. 88 KFC Vol-1
    4.   Art. 23 KFC Vol-1
22. If the deficiency proceedings are being continued against an officer on the date of retirement, which pensionary benefit can be withheld?
    
    1.   Entire DCRG
    2.   Pension
    3.   Terminal surrender leave salary
    4.   Group Insurance
23. If the liability of the gazetted officer is not estimated and who is in charge of cash or store..................of his DCRG is to be withheld.
    1.   Full
    2.   50%
    3.   25%
    4.   75% .
24. For the purpose of fixing liability of Government servants, losses are grouped under three categories. Which of the following do not come under these categories ?
    1.   Loss arising out of implementation of illegal orders of superior officers
    2.   Personal dues
    3.   Physical loss of cash or stores
    4.   Loss or extra -expenditure arising out of administrative lapses.
25. For the purposes of fixing liability losses may be grouped under three categories; they are:
    1.   Personal dues, arrears of house rent payable, stores
    2.   Physical loss of cash or stores, personal dues, excess pay drawn
    3.   Loss of extra expenditure arising out of administrative lapses, personal dues and physical loss of cash or stores
    4.   Loss arising out of administrative lapses