Introduction to the Indian Government Accounts and Audit (Paper III)
Date of Examination 01-03-2020
Question1:-Under whose disposal is the Contingency Fund of India held?
A:-Finance Ministry
B:-President of India
C:-Comptroller & Auditor General of India
D:-Controller General of Accounts
Correct Answer:- Option-B
Question2:-Where is the Central Accounts Section of RBI situated?
A:-Mumbai
B:-Kolkata
C:-New Delhi
D:-Nagpur
Correct Answer:- Option-D
Question3:-Advances for meeting unforeseen expenditure in Central Government pending authorization of parliament are given from which Fund
of India?
A:-Contingency Fund of India
B:-Consolidated Fund of India
C:-Public Account of India
D:-Union budget
Correct Answer:- Option-A
Question4:-In the beginning of each month, to which office the treasuries submit the accounts supported by the requisite schedules, vouchers, etc.,
in respect of the transactions which took place in the treasury during the previous month?
A:-Accountant-General
B:-Director of treasuries
C:-Department of Finance
D:-Controller General of Accounts
Correct Answer:- Option-A
Question5:-Who submits monthly accounts of the State of Kerala to the State?
A:-Director of Treasuries
B:-Controller general of Accounts
C:-Accountant General
D:-None of these
Correct Answer:- Option-C
Question6:-Revenues received by Central Government are credited to which Fund?
A:-Contingency Fund of India
B:-Consolidated Fund of India
C:-Public Account of India
D:-Union budget
Correct Answer:- Option-B
Question7:-Loans raised by the State Government by issue of treasury bills are credited to which Fund?
A:-Contingency Fund of India
B:-Consolidate Fund of India
C:-Public Account of India
D:-Consolidated Fund of the state
Correct Answer:- Option-D
Question8:-Public money received by the State Government is credited to which account?
A:-Contingency Fund of India
B:-Consolidate Fund of India
C:-Public Account of India
D:-Public Account of the State
Correct Answer:- Option-D
Question9:-General banking business of a State Government is generally carried and transacted by which bank?
A:-Syndicate bank
B:-Central bank of India
C:-Reserve bank of India
D:-None of these
Correct Answer:- Option-C
Question10:-Receipt and payments of money on behalf of a State falling outside its jurisdiction are ordinarily arranged through which office?
A:-Controller General of Accounts
B:-Accountant General
C:-Director of Treasuries
D:-Finance Department
Correct Answer:- Option-B
Question11:-Which section of the Reserve bank of India maintains the complete accounts of the Central Government and of each of the State
Governments with the State Bank of India?
A:-Chief Accounts office of State bank of India
B:-Central Accounts Section of Reserve bank of India
C:-Chief Accounts office of central bank of India
D:-None of these
Correct Answer:- Option-B
Question12:-Who prescribes the form of Annual Finance Accounts of the State?
A:-Controller General of Accounts with the approval of Governor
B:-Comptroller and Auditor general with the approval of President
C:-Director of Treasuries with the approval of State Cabinet
D:-Finance Department
Correct Answer:- Option-B
Question13:-Where are the initial accounts of all receipts on behalf of the State Government generally maintained?
A:-Treasury
B:-Accountant general's Office
C:-Controller general of Accounts
D:-None of these
Correct Answer:- Option-A
Question14:-Who compiles the accounts of defence services as a whole?
A:-Comptroller and Auditor General
B:-Controller General of defence Accounts
C:-Ministry of Finance
D:-Director of treasuries
Correct Answer:- Option-B
Question15:-Transactions initially taken against the balance of a State which are eventually adjustable to the balance of another State are passed
on the Accountant General of the latter State through which accounts?
A:-Settlement accounts
B:-Exchange accounts
C:-Suspense Accounts
D:-None of these
Correct Answer:- Option-A
Question16:-Finance Accounts of Kerala State is prepared by whom?
A:-Finance Department
B:-Director of Treasuries
C:-State Secretariat
D:-Accountant General of the State
Correct Answer:- Option-D
Question17:-Annual General Financial Statement submitted by CAG to the president represents what?
A:-Summary of accounts of Central Government
B:-Summary of accounts/Transactions of all state governments side by side
C:-Summary of accounts/transactions of central and all state governments side by side
D:-None of these
Correct Answer:- Option-C
Question18:-What is the separate account maintained by Departmental commercial undertakings to ascertain the financial results of such
undertakings, in addition to the regular accounts is known as?
A:-Settlement Accounts
B:-Exchange Accounts
C:-Proforma Accounts
D:-None of these
Correct Answer:- Option-C
Question19:-Money settlement of transactions initially taken against the balance of state which are eventually adjustable to the balance of State is effected through which office?
A:-Central Accounts Section of RBI
B:-Directorate of treasuries
C:-Central Bank of India
D:-Union bank of India
Correct Answer:- Option-A
Question20:-Who is the authority to submit the annual Finance Accounts of the Central Government to the central Government?
A:-Finance Ministry
B:-Director of Treasuries
C:-Comptroller and Auditor general
D:-Reserve bank of India
Correct Answer:- Option-C
Question21:-Which among the following Department of Kerala Government of maintaining proforma accounts outside the regular Government accounts?
A:-State Water Transport department
B:-Animal husbandry Department
C:-Agriculture department
D:-None of the above
Correct Answer:- Option-A
Question22:-Government accounts are generally maintained in which accounting system?
A:-Single entry system
B:-Double entry system
C:-Hybrid system
D:-None of these
Correct Answer:- Option-A
Question23:-What is the accounting period adopted by Governments in India for preparing the annual accounts?
A:-1 April of a year to 31 March of the following year
B:-1 January of a year to 31 December of the following year
C:-1 March of a year to 29 February of the following year
D:-None of these
Correct Answer:- Option-A
Question24:-Misclassification of an expense incurred on 31 March 2019 was detected on 6 April 2019. This mistake can be rectified in the accounts for which year?
A:-2018-19
B:-2019-20
C:-Cannot be rectified
D:-None of the above
Correct Answer:- Option-A
Question25:-An office incurs an expenditure of Rs.5000 on 7.4.2019. Accounts for the year 2018-19 was open till 30.4.2019 for making adjustments. In which year's account the expense of Rs.5000 will be booked?
A:-2018-19
B:-2019-20
C:-Either in 2018-19 or 2019-20
D:-None of the above
Correct Answer:- Option-B
Question26:-Rent recovered on account of buildings in charge of departments other than public works department should be accounted as receipt
of _________?
A:-The Department holding charge of the building
B:-Public work Department
C:-Shown as deduction of maintenance expenses of PWD
D:-None of these
Correct Answer:- Option-A
Question27:-Which among of the following heads in the Government accounts are primarily meant for itemized control over expenditure?
A:-Major heads
B:-Minor heads
C:-Detailed heads
D:-Sub-heads
Correct Answer:- Option-C
Question28:-State Accountant General with due approval of CAG submits the State Annual Finance Accounts to whom?
A:-Governor of the State
B:-President of India
C:-Comptroller and Auditor General
D:-Reserve Bank of India
Correct Answer:- Option-A
Question29:-Travelling allowance of an officer paid from Local fund when travelling in the execution of Government duty shall be charged to which
account?
A:-General revenues
B:-Local Fund
C:-Equally charged to General revenue and Local fund
D:-None of these
Correct Answer:- Option-A
Question30:-Accounting of transactions on the basis of actual cash payments and cash receipt is called __________?
A:-Cash basis accounting
B:-Accrual basis accounting
C:-Hybrid System of accounting
D:-Double entry accounting
Correct Answer:- Option-A
Question31:-Expenditure on the maintenance of nonresidential buildings under the administrative control of public works department and allotted to specific functions under social and community services are shown under the appropriate major head for ________?
A:-Public works
B:-Appropriate major head for the Department for which the buildings have been allotted
C:-Suspense account
D:-None of these
Correct Answer:- Option-A
Question32:-How many main divisions are there for Part I of the Government Accounts?
A:-2
B:-3
C:-4
D:-6
Correct Answer:- Option-A
Question33:-Which of the following form Part I of the State Government Accounts?
A:-Consolidated Fund of the State
B:-Contingency Fund of the state
C:-Public Accounts of India
D:-Public Accounts of the State
Correct Answer:- Option-A
Question34:-In which order Government transactions are accounted for in Government accounts?
A:-Division/Section, Sector/sub sector, Major Head
B:-Division/Section, Major Head, Sector/sub sector
C:-Sector/sub sector,Major Head, Division/Section
D:-Major Head, Division/ Section, Sector/sub sector
Correct Answer:- Option-A
Question35:-Which is the main unit of classification in Government accounts?
A:-Division
B:-Minor head
C:-Sector
D:-Major head
Correct Answer:- Option-D
Question36:-Each minor head shall have a number of subordinate heads. What are these subordinate heads generally called?
A:-Major heads
B:-Sectors
C:-Sub-heads
D:-Sub-sectors
Correct Answer:- Option-C
Question37:-Which of the following form the third tier of the five-tier arrangement of classification structure of Government accounts?
A:-Sectors
B:-Major heads
C:-Minor heads
D:-Sub-heads
Correct Answer:- Option-C
Question38:-Major heads of Government accounts generally correspond to which of the following?
A:-Functions of the Government
B:-Schemes/activities
C:-Programmes to achieve the objective of the functions
D:-None of the above
Correct Answer:- Option-A
Question39:-Which among the following constitute the primary unit of appropriation for the purpose of Demands for grants of Government?
A:-Major heads
B:-Minor heads
C:-Sub-heads
D:-Detailed heads
Correct Answer:- Option-D
Question40:-Whose approval is required for abolition or change of nomenclature of any of the existing Heads of classification?
A:-Finance Minister with the approval of cabinet wherever necessary
B:-Director of treasuries with the approval of Finance minister wherever necessary
C:-Comptroller and Auditor general of India with the approval of President wherever necessary
D:-Controller of Accounts
Correct Answer:- Option-C
Question41:-Under which Article of the constitution CAG derives the power to prescribe the Form in which the accounts of the Union and of the
States are kept?
A:-Article 150
B:-Article 149
C:-Article 151
D:-Article 166
Correct Answer:- Option-A
Question42:-As per General principle of classification, expenditure incurred by Public works department for construction of a hospital shall be
debited as expenditure under which major heads?
A:-Appropriate major heads for Public works
B:-Suspense head
C:-Appropriate major heads for Medical and Public health
D:-None of the above
Correct Answer:- Option-C
Question43:-Charges for intermediate maintenance of a work not yet opened for service shall be treated as ___________?
A:-Capital
B:-Revenue
C:-Neither capital nor revenue
D:-None of these
Correct Answer:- Option-A
Question44:-The transit pay and allowance of a Government servant proceeding to join an office on transfer either temporarily or permanently is
ordinarily debited to which office?
A:-The office from which he is proceeding
B:-The office to which he is proceeding
C:-Not eligible for transit pay and allowances
D:-None of these
Correct Answer:- Option-B
Question45:-Government Transactions which incur a liability to repay the money received is accounted in which part of the Government Accounts?
A:-Part I
B:-Part II
C:-Part III
D:-None of the above
Correct Answer:- Option-C
Question46:-Washing allowance to Class IV employees are classified under which head?
A:-Salary
B:-Dearness allowance
C:-Miscellaneous allowance
D:-None of these
Correct Answer:- Option-A
Question47:-Travelling allowance and Daily allowance to officers of State Governments appointed as Members of Committees set up by
Government of India are borne by whom?
A:-State Government
B:-Central Government
C:-Shared equally
D:-None of these
Correct Answer:- Option-B
Question48:-In how many parts are Government Accounts kept?
A:-2
B:-1
C:-3
D:-None of these
Correct Answer:- Option-C
Question49:-Who will bear the fees, travelling allowances, daily allowance and other remuneration of an officer of Government required to attend
meeting or doing other works in connection with affairs of a Public sector company?
A:-The public sector company for which the officer attended the meeting or done the work
B:-Government under which is working
C:-Shared by the Public sector Company and the government
D:-None of the above
Correct Answer:- Option-A
Question50:-Expenditure on public works for the construction of non-residential buildings for administrative and office purposes of Government exclusively relating to functions under General services will be accounted for under the appropriate major head for __________?
A:-Public works or capital outlay on public works
B:-The relevant General Service
C:-Suspense
D:-None of these
Correct Answer:- Option-A
Question51:-Who is the Head of the Indian Audit and Accounts departments?
A:-Controller General of Accounts
B:-Comptroller and Auditor general of India
C:-Chairman,Niti Ayog
D:-Finance Minister
Correct Answer:- Option-B
Question52:-Who is responsible for compiling the Accounts of Kerala State?
A:-Comptroller and Auditor General of India
B:-Controller General of Accounts
C:-Director of Treasuries
D:-None of these
Correct Answer:- Option-A
Question53:-To whom the CAG submits his Audit Report containing the results of audit of accounts of a State to be laid before the legislature?
A:-President
B:-Governor
C:-The Speaker
D:-Finance Minister
Correct Answer:- Option-B
Question54:-In terms of which Sections of the DPC Act, the CAG is responsible for audit of transactions of various Government departments and
organizations?
A:-13,16 and 17
B:-10,11 and 12
C:-11,12 and 13
D:-Section 11
Correct Answer:- Option-A
Question55:-The responsibility of preparation of accounts of Union Government is now vested with whom?
A:-Comptroller and Auditor General
B:-Controller General of Accounts
C:-Niti Ayog
D:-None of these
Correct Answer:- Option-B
Question56:-The overall responsibility of coordination and control over Finances of Government in States is confined to whom?
A:-State Finance Department
B:-Ministry of Finance
C:-Reserve Bank of India
D:-Accountant General
Correct Answer:- Option-A
Question57:-The process of distribution of funds for the purpose of maintaining sufficient funds in all the treasuries at all times, to meet the
demands on them are referred to as __________?
A:-Resource Operations
B:-Budget allocations
C:-Re-appropriation
D:-None of these
Correct Answer:- Option-A
Question58:-CAG reports cases of waste, loss, extravagant or nugatory expenditure to which of the following?
A:-The Government
B:-The legislature
C:-The Vigilance
D:-None of these
Correct Answer:- Option-B
Question59:-Which of the following statement relating to Stamp duty is NOT true?
A:-Stamp duties are levied by the Government of India
B:-Stamp duties are collected by the States
C:-Stamp duties retained by the States
D:-Fifty percent of the Stamp duties collected by each state are passed over to Central Government
Correct Answer:- Option-D
Question60:-To whom, the Auditors of a Company after examination of the books of accounts report whether in his opinion those accounts give a
true and fair view of the state of affairs of the company and of its profit or loss or in what respect they fail to do so?
A:-To the Directors
B:-To the shareholders
C:-To the Finance Manager
D:-None of these
Correct Answer:- Option-B
Question61:-What is meant by 'Pay slip' issued from the Accountant General's Office so far as State gazetted Officers are concerned?
A:-Details of Salary details for each month communicated after payment of salary
B:-Salary certificate issued to Gazetted Officers for presenting to bank etc for various purposes
C:-An intimation to the Officer concerned and to the officer in charge of the treasury at which he draws his pay, specifying the amount which
he may draw in accordance with the order of Government
D:-None of these
Correct Answer:- Option-C
Question62:-Which among the following is NOT the responsibility of Commercial Audit organization of Indian Audit and Accounts department?
The organization is responsible for:
A:-Audit of transactions of Government Companies/corporations which finds final expression in an annual Audit Report bringing out selected topics of interest relating to them
B:-In-depth performance appraisals of selected companies/corporations; each such appraisal takes the form of a separate Audit Report
C:-Preparation of a report on systems deficiencies reported by Chartered Accountants on the basis of directions by the Comptroller and Auditor
General
D:-Authorizing pay and allowances of officers and staff of public sector undertakings
Correct Answer:- Option-D
Question63:-Who is responsible for preparing the pensions papers of Government Servant?
A:-Accountant General
B:-Head of the Office from where the Government servant retires
C:-By the Government servant himself
D:-None of these
Correct Answer:- Option-B
Question64:-Framing financial rules and orders is the function of which of the following?
A:-Executive Government
B:-Audit
C:-Subordinated to executive Government
D:-None of these
Correct Answer:- Option-A
Question65:-Which among the following is NOT Non-Tax revenue of the State government?
A:-Revenue from sale of forest produces
B:-Agricultural income tax
C:-Gross revenue from state Transport corporation
D:-Dividend from State Commercial enterprises
Correct Answer:- Option-B
Question66:-Interpretation of law so far as tax matters are concerned is a ___________ functions?
A:-Executive
B:-Judicial
C:-Legislative
D:-Audit
Correct Answer:- Option-B
Question67:-For what purpose 'Works Abstract' is maintained in PWD?
A:-To record in detail the cash, stock and other charges on each work whether carried out by departmental agency or contract
B:-To record the name of all works undertaken by a Division in a Financial year
C:-To record the names of all works undertaken by a Division
D:-None of these
Correct Answer:- Option-A
Question68:-Issue of stores in a Priced Stores Ledger is posted from which record?
A:-The transfer entry note
B:-The delivery Challan
C:-The indent
D:-The Goods received sheet
Correct Answer:- Option-C
Question69:-Final decision as to what items of plants are to be depreciated and distributed is decided by whom?
A:-The Executive
B:-The Audit
C:-The Legislature
D:-None of these
Correct Answer:- Option-A
Question70:-The issue rate of an article of stock fixed at the beginning of each year normally remains constant throughout the year but in certain
situations the issues rates can be revised earlier. Which of the following is one such situation?
A:-During the period of natural calamities
B:-When there is material fluctuation in the purchase rates during the course of the year
C:-When the contractor requests in writing to revise the rate of the article
D:-None of these
Correct Answer:- Option-B
Question71:-Which among the following is NOT true in relation to the audit of the accounts of corporations, companies and other autonomous bodies by CAG of India?
A:-No law of a State Legislature can cast any duties or confer any powers on the comptroller and Auditor General or his representatives
B:-The duties and powers of the Comptroller and Auditor General prescribed by law made by parliament cannot be superseded or abridged by
or under any law made by any State Legislature
C:-The state Government can give directions to CAG in regard to audit of the accounts of corporations, companies and other autonomous
bodies coming under its jurisdiction
D:-All the above
Correct Answer:- Option-C
Question72:-In respect of a State Government Company, copy of the Auditor's Report and any comments thereon or supplement thereto made by the Comptroller and Auditor General are places before which of the following?
A:-Reserve bank of India
B:-Board of Directors of the Company
C:-Comptroller and Auditor general of India
D:-The legislature
Correct Answer:- Option-D
Question73:-Who appoints the chairman of the public accounts committee?
A:-The Speaker
B:-The President
C:-The Prime Minister
D:-None of these
Correct Answer:- Option-A
Question74:-Who is the head of the Union Council of Ministers?
A:-President
B:-Prime Minister
C:-Home Minister
D:-None of these
Correct Answer:- Option-B
Question75:-Public Accounts Committee of Parliament consists of how many members?
A:-22
B:-15
C:-30
D:-7
Correct Answer:- Option-A
Question76:-How many ministers will be there in the Committee on Public Undertakings in Parliament?
A:-3
B:-1
C:-0
D:-None of these
Correct Answer:- Option-C
Question77:-Who prepares the Combined Finance and Revenue Accounts?
A:-Ministry of Finance
B:-The Comptroller and Auditor General
C:-Department of Finance of the respective State
D:-Accountant General of the State
Correct Answer:- Option-B
Question78:-Estimate Committee of Parliament consists of how many members?
A:-22
B:-15
C:-30
D:-7
Correct Answer:- Option-C
Question79:-The State Audit Reports are countersigned by whom?
A:-The Accountant General of the State
B:-Finance Minister of the State
C:-Governor of the State
D:-Comptroller and Auditor General
Correct Answer:- Option-D
Question80:-Which among the following is out of scope of the functions of the Public Accounts Committee of State Legislature?
A:-Examination of the accounts showing the appropriation of sums granted by the legislature for the expenditure of the Government, the
annual finance accounts of the Government and such other accounts laid before the Legislature as the Committee may think fit
B:-Looking into cases of loss, inefficiency, ineffectiveness or extravagance and calls upon the Government to explain what action, disciplinary
or otherwise, it has taken to prevent recurrence
C:-Examination with reference to the facts of each case the circumstances leading to excess in expenditure of the money granted by the
Legislature and makes such recommendation as it may deem fit
D:-Examination of Audit Reports relating to such public undertaking as is allotted to the committee on public undertakings
Correct Answer:- Option-D
Question81:-How many Major Heads are there under Part II-Contingency fund?
A:-2
B:-3
C:-6
D:-1
Correct Answer:- Option-D
Question82:-What does the term 'bin card' mean in regard to store/stock documents in PWD?
A:-A value-cum-numerical account of the stores held
B:-A chronological record by quantity only of the receipts, issues and the remaining balances of each article of stock
C:-A document for recording quantity details of the indents for materials received from various officers
D:-None of these
Correct Answer:- Option-B
Question83:-Which of the following records is generally NOT maintained in a PWD sub division office?
A:-Cash book
B:-Muster roll
C:-Works abstract
D:-Contractor's ledger
Correct Answer:- Option-D
Question84:-Who are the members of the State Public Accounts Committee?
A:-Members of the State Legislature
B:-Members of State legislature and three other eminent personalities
C:-Secretaries of each Department and Chief Secretary
D:-None of these
Correct Answer:- Option-A
Question85:-The distribution of the Legislative Powers between the Union and the States is governed by which Article of the Constitution?
A:-Article 279
B:-Article 269
C:-Article 246
D:-None of these
Correct Answer:- Option-C
Question86:-Standing Committee members in parliament are generally elected or nominated _________?
A:-Once in 5 years
B:-Once in two years
C:-Annually
D:-Six months
Correct Answer:- Option-C
Question87:-Which among the following is NOT a function entrusted to the treasury?
A:-Receipt of money from the public and departmental officers for credit to Government
B:-Payment of claims against Government on bills or cheques or other instruments presented by the departmental drawing and disbursing officers or pensioners or others authorized to do so.
C:-Keeping initial and subsidiary accounts of the receipts and payments occurring at them and rendering statements of such transactions to the Accountants General for detailed compilation and consolidation
D:-Verification of Service details of Government servants who are due to retire in the next five years
Correct Answer:- Option-D
Question88:-Under which section of the comptroller and Auditor General's (Duties, Powers and Conditions of Service)Act, 1971, the CAG is responsible for audit of all transactions of the Union and of the States relating to Contingency Funds and Public Accounts
A:-Section 10
B:-Section11
C:-Section 13(b)
D:-Section 19
Correct Answer:- Option-C
Question89:-Which among the following statements is NOT true relating to Capital expenditure in Government accounts?
A:-Expenditure incurred with the object either of increasing concrete assets of a material and permanent character or of reducing recurring
liabilities can be classified as an expenditure of Capital nature
B:-Expenditure on Grants-in-aid to local bodies or institutions (for purpose of creating assets which will belong to these local bodies or
institutions) can ordinarily be classified as capital expenditure
C:-Capital expenditure is generally met from receipts of a capital, debt, deposit or banking character
D:-It is open to the Government to meet capital expenditure from ordinary revenues provided there are sufficient revenue resources to cover
this liability
Correct Answer:- Option-B
Question90:-Which among the following is NOT direct tax revenue?
A:-Income Tax
B:-Wealth Tax
C:-Estate Duty
D:-Customs Duty
Correct Answer:- Option-D
Question91:-The powers and duties of the comptroller and Auditor General of India for audit of the autonomous bodies, are derived from which
Article of the Constitution of India?
A:-Article 148
B:-Article 149
C:-Article 150
D:-Article 151
Correct Answer:- Option-B
Question92:-What is the Audit Reports prepared on the accounts of Government corporations and other autonomous bodies audited by the
Comptroller and Auditor General, where the certification of the accounts in necessary called?
A:-Special Audit Reports
B:-Separate Audit Reports
C:-Commercial Audit Reports
D:-None of these
Correct Answer:- Option-B
Question93:-Which among the following is an indirect Tax?
A:-Agricultural Income Tax
B:-Taxes on profession
C:-Wealth Tax
D:-Stamp Duty
Correct Answer:- Option-D
Question94:-Which among the following is NOT an essential condition that governs for incurring expenditure from the Consolidated Fund of India or
Consolidated Fund of Union Territory with Legislature or the Consolidated Fund of a State?
A:-There should exist sanction,either special or general, accorded by a competent authority, authorizing the expenditure
B:-There should be provision of funds authorized by competent authority fixing the limits within which the expenditure can be incurred
C:-The expenditure should not be more than the revenue resources
D:-The expenditure should be incurred with due regard to broad and general principles of financial propriety
Correct Answer:- Option-C
Question95:-Under which section of CAG's DPC Act 1971, the President or the Governor or the Administrator, as the case may be, after prior
consultation with the comptroller and Auditor General of India may entrust the Audit of bodies or authorities which is not entrusted to by or under
any law made by Parliament can be entrusted to him in public interest?
A:-Section 15
B:-Section 19
C:-Section 21
D:-Section 20
Correct Answer:- Option-D
Question96:-Which among the following is NOT a function of the Estimate Committee to Parliament?
A:-To suggest alternative policies in order to bring about efficiency and economy in administration
B:-Verify and/or comment on policies approved by Parliament
C:-To examine whether the money included is well laid out within the limit of the policy implied in the estimates
D:-To suggest the form in which the estimated shall be presented to Parliament
Correct Answer:- Option-B
Question97:-Special Ways and means advances availed from Reserve bank of India are generally repayable within what period?
A:-Not exceeding three months
B:-Not exceeding one month
C:-Not exceeding six months
D:-Not exceeding a year
Correct Answer:- Option-A
Question98:-Which among the following is considered as the fundamental object of audit?
A:-Verifying that the prescribed rules and orders are obeyed
B:-To prescribe financial rules and orders
C:-To ensure that all revenue has been collected and accounted
D:-To secure real value for the taxpayers money
Correct Answer:- Option-D
Question99:-For being laid before the State Legislature the CAG submit the State Audit Reports to whom?
A:-The Governor of the State
B:-The speaker of the State Legislature
C:-The chairman, Public Accounts Committee
D:-The Finance Minister of the State
Correct Answer:- Option-A
Question100:-How many members in the Committee on Public Undertakings of Parliament are from Lok Sabha?
A:-22
B:-15
C:-7
D:-30
Correct Answer:- Option-B