IIGAA KAC1_LOWER 05

Introduction to the Indian Government Accounts and Audit (Paper III) 

Date of Examination 24-03-2019 


Question1:-Statement of facts relating to money or things having money value are called ________. 

 A:-Balance sheet 

 B:-Profit 

 C:-Dividend 

 D:-Accounts 

 Correct Answer:- Option-D 


Question2:-Audit is an instrument of _________. 

 A:-Financial Expenditure 

 B:-Financial Fraud 

 C:-Financial Control 

 D:-Financial Extravagance 

 Correct Answer:- Option-C 


Question3:-Article 149 of the constitution of India envisaged an Act of Parliament to regulate the duties and powers of ________. 

 A:-Chief Minister 

 B:-Prime Minister 

 C:-Accountant General 

 D:-C and AG of India 

 Correct Answer:- Option-D 


Question4:-State share of GST Amount collected by State Government forms a part of the ________ of the state. 

 A:-Public Accounts 

 B:-Contingency Funds 

 C:-Consolidated funds 

 D:-None of the above 

 Correct Answer:- Option-C


Question5:-The contingency fund of the state will be at the disposal of the _________. 

 A:-Chief Minister 

 B:-State Finance Minister 

 C:-President of India 

 D:-Governor of the State 

 Correct Answer:- Option-D 


Question6:-The method of maintaining the Governments daily cash balance at a level sufficient to meet its day-to-day requirement is termed as 

 A:-Budget 

 B:-Wages and means 

 C:-Cash credit 

 D:-Public Account 

 Correct Answer:- Option-B 


Question7:-Efficiency-cum-performance audit is a function of the _______. 

 A:-Finance Department 

 B:-Chartered Accountant 

 C:-The C and AG of India 

 D:-None of the above 

 Correct Answer:- Option-C 


Question8:-The currency of India consist of coins issued under the Indian Coinage Act ________. 

 A:-1806 

 B:-1946 

 C:-1906 

 D:-2006 

 Correct Answer:- Option-C 


Question9:-Bank notes issued by ________ are legal tender through out India. 

 A:-Government 

 B:-State Bank of India 

 C:-Nationalised Banks 

 D:-Reserve Banks of India 

 Correct Answer:- Option-D 


Question10:-The Rupee is legal tender up to _________. 

 A:-One crore 

 B:-Any amount 

 C:-One Rupee 

 D:-Ten Rupees 

 Correct Answer:- Option-B 


Question11:-One Rupee notes are issued by the _________. 

 A:-RBI 

 B:-SBI 

 C:-Central Government 

 D:-State Government 

 Correct Answer:- Option-C 


Question12:-Article _________ of the constitution deals with stamp duties and duties of excise on medical and toilet preparations. 

 A:-268 

 B:-286 

 C:-184 

 D:-19 

 Correct Answer:- Option-A

 

Question13:-As per Article __________ of the constitution a percentage of the net proceeds of Income Tax is Assigned to the states. 

 A:-250 

 B:-270 

 C:-240 

 D:-170 

 Correct Answer:- Option-B 


Question14:-In India period of Accounts is __________. 

 A:-1st January to 31st December 

 B:-1st April to 31st March 

 C:-1st March to 30th April 

 D:-None of the above 

 Correct Answer:- Option-B

 

Question15:-The State Government Accounts are kept on _________ Basis. 

 A:-Fund 

 B:-Adjustment 

 C:-Mercantile 

 D:-Cash 

 Correct Answer:- Option-D

 

Question16:-The expenditure made with the object of increasing concrete assets of material character is termed as _________ expenditure. 

 A:-Revenue 

 B:-Capital 

 C:-Debt 

 D:-None of above 

 Correct Answer:- Option-B

 

Question17:-The transit pay and allowance of a Government servant proceeding to join an office on transfer be debited to the office to which he is ________. 

 A:-Proceeding 

 B:-Relieved 

 C:-Attached 

 D:-None of above 

 Correct Answer:- Option-A

 

Question18:-The Travelling allowance of a Government Servant shall be debited to the _________. 

 A:-Capital Head 

 B:-Debt Head 

 C:-Same Head as Pay 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question19:-The cost of land taken up by acquisition shall be debited to ________. 

 A:-Revenue Expenditure 

 B:-Suspense Accounts 

 C:-The Department for which it is acquired 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question20:-Municipal rates and taxes on Government buildings paid by PWD may be debited to the ________ of the building concerned. 

 A:-Capital 

 B:-Revenue 

 C:-Maintenance Estimate 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question21:-Railways is a Department recognized by the Central Government as _______. 

 A:-Service 

 B:-Official 

 C:-Commercial 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question22:-As a general rule recoveries from private persons be treated as __________ and not as deduction from expenditure. 

 A:-Capital expenditure 

 B:-Loss 

 C:-Revenue 

 D:-Profit 

 Correct Answer:- Option-C

 

Question23:-The acceptance of counterfiet coins or notes shall be regarded a _________ of cash. 

 A:-Expenditure 

 B:-Loss 

 C:-Income 

 D:-Revenue 

 Correct Answer:- Option-B

 

Question24:-The Banking business agreement between the Rajapramukh of Travaneore-Cochin and the Reserve Bank of India was made on _________. 

 A:-30/06/1947 

 B:-30/06/1952 

 C:-30/06/1958 

 D:-None of the above 

 Correct Answer:- Option-B

 

Question25:-Enforcing economy in the expenditure of public moneys is the responsibility of _______. 

 A:-Accountant General 

 B:-Finance Minister 

 C:-Executive Government 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question26:-Audit against _______ ensures rule of law in Governmental Expenditure. 

 A:-Propriety 

 B:-Regularity 

 C:-Economy 

 D:-Efficiency 

 Correct Answer:- Option-B 


Question27:-The Audit will scurting the Rules and orders to see that they are not in consistant with any provisions of the ________. 

 A:-Accountant general 

 B:-Audit rules 

 C:-Constitution 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question28:-The Audit will investigate the necessity of Government Expenditure in _______ Audit. 

 A:-Economy Audit 

 B:-Propriety Audit 

 C:-Annual Audit 

 D:-Statutory Audit 

 Correct Answer:- Option-B

 

Question29:-_________ is the practical systematic management of the affairs of a project or scheme which assures minimum operating cost for carrying out functions and responsibilities.  A:-Management 

 B:-Administration 

 C:-Performance 

 D:-Economy 

 Correct Answer:- Option-D

 

Question30:-The Audit of the initial accounts maintained in Certain Government Institutions and offices on the spot is called _________. 

 A:-Annual Audit 

 B:-Internal Audit 

 C:-Local Audit 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question31:-Surpluses of State commercial Enterprise is an example of __________. 

 A:-Non-Tax Revenue 

 B:-Direct Revenue 

 C:-Extra Revenue 

 D:-None of the above 

 Correct Answer:- Option-A 


Question32:-The Statutory authority to conduct receipts audit is _________. 

 A:-Finance Department 

 B:-Finance Minister 

 C:-The C and AG 

 D:-None of the above 

 Correct Answer:- Option-C 


Question33:-Wealth Tax is an example of ________. 

 A:-Capital Gain 

 B:-Indirect tax 

 C:-Direct tax 

 D:-Revenue receipt 

 Correct Answer:- Option-C 


Question34:-Interpretation of law is a _______ function. 

 A:-Tough 

 B:-Statutory 

 C:-Administrative 

 D:-Judicial 

 Correct Answer:- Option-D 


Question35:-It is not the duty of _________ to review a Judicial decision. 

 A:-Government 

 B:-Minister 

 C:-Audit 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question36:-Re appropriation from one grant or appropriation to another grant or appropriation are _________. 

 A:-Permissible 

 B:-Not permissible 

 C:-Government can decide 

 D:-None of the above 

 Correct Answer:- Option-B 


Question37:-For purposes of Public works administration state is generally divided into _________. 

 A:-Circles 

 B:-Corporations 

 C:-Villages 

 D:-None of above 

 Correct Answer:- Option-A 


Question38:-The list of labourers employed daily on work is recorded in _________. 

 A:-Wage sheet 

 B:-Attendance sheet 

 C:-Muster roll 

 D:-None of the above 

 Correct Answer:- Option-C 


Question39:-__________ is an initial account in the public works department which is the basis of all accounts of quantities. 

 A:-Measurement book 

 B:-Goods received sheet 

 C:-Stock Account 

 D:-Cash book 

 Correct Answer:- Option-A 


Question40:-___________ records in detail the cash, stock and other charges on each work. 

 A:-Stores Account 

 B:-Monthly Account 

 C:-Works Abstract 

 D:-None of the above 

 Correct Answer:- Option-C 


Question41:-A properly detailed estimate is prepared for each work to be sanctioned by the competent authority. This sanction is known as ___________. 

 A:-Estimate sanction 

 B:-Technical sanction 

 C:-Works sanction 

 D:-None of the above 

 Correct Answer:- Option-B 


Question42:-________ comprise those articles of stationery, furniture, office equipment etc which are required for the administrative purpose of an office. 

 A:-Stock 

 B:-Stores 

 C:-Unpriced articles 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question43:-In Kerala the General Provident Account of Government Servants are maintained by _______. 

 A:-The Finance Department 

 B:-Department Head 

 C:-Accountant General (A and E) 

 D:-Accountant General (Audit) 

 Correct Answer:- Option-C 


Question44:-________ is responsible for examining the accounts returns of the sub-divisional officers. 

 A:-Assistant Engineer 

 B:-Executive Engineer 

 C:-Head Clerk 

 D:-Divisional Accountant 

 Correct Answer:- Option-D 


Question45:-To decide the method of charging depreciation the executive will consult ________. 

 A:-Audit 

 B:-Government 

 C:-Engineer 

 D:-None of above 

 Correct Answer:- Option-A 


Question46:-The interest charges on capital outlay are classified ordinarily under the _______ of account. 

 A:-Interest Head 

 B:-Loan Head 

 C:-General Head 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question47:-The term _________ applies generally to all articles and materials purchased for use of Government. 

 A:-Stores 

 B:-Stocks 

 C:-Materials 

 D:-None of the above 

 Correct Answer:- Option-A 


Question48:-The Leave Accounts of Gazetted Government Servants are maintained by the ________. 

 A:-Head of office 

 B:-Head of department 

 C:-Accountant general 

 D:-None of the above 

 Correct Answer:- Option-C 


Question49:-Whenever there is a change of any kind in emoluments of a Gazetted Government Servant _________ is issued by the Accountant General. 

 A:-Stop memo 

 B:-A fresh payslip 

 C:-Pay order 

 D:-None of the above 

 Correct Answer:- Option-B 


Question50:-_________ includes regulation and authorisation of pay and allowances of Gazetted officers by Accountant General. 

 A:-Audit Function 

 B:-Entitlement Function 

 C:-Payment Function 

 D:-None of the above 

 Correct Answer:- Option-B 


Question51:-DCRG is payable to a Government Servant on his _________. 

 A:-Suspension 

 B:-Resignation 

 C:-Transfer 

 D:-Retirement 

 Correct Answer:- Option-D 


Question52:-When both pension and family pension have been reported _______ is issued by the Accountant General. 

 A:-Pension payment order 

 B:-Commutation order 

 C:-Joint pension payment order 

 D:-None of the above 

 Correct Answer:- Option-C 


Question53:-Pension payment orders are issued both to the pensioner and to the _________. 

 A:-Government 

 B:-Family 

 C:-Head of office 

 D:-Treasury 

 Correct Answer:- Option-D 


Question54:-Receipt and Payment of money to consolidated fund and public account is regulated by Article _________ of the constitution. 

 A:-238 

 B:-283 

 C:-328 

 D:-327 

 Correct Answer:- Option-B 


Question55:-________ keeps two separate accounts of cash transactions undertaken by it on behalf of State Government and Central Government. 

 A:-Reserve Bank 

 B:-State Bank 

 C:-Bank of India 

 D:-Indian Bank 

 Correct Answer:- Option-A 


Question56:-The Accounts maintained by Commercial undertakings of Government to get the operation results is called __________. 

 A:-Commercial Accounts 

 B:-Final Accounts 

 C:-Ledger Accounts 

 D:-Proforma Accounts 

 Correct Answer:- Option-D 


Question57:-The State Water Transport Department is a ________ department for Accounting Purpose. 

 A:-Transport 

 B:-Service 

 C:-Commercial 

 D:-None of the above 

 Correct Answer:- Option-C 


Question58:-The accounts of Government, kept in India shall be maintained in __________. 

 A:-Rupee 

 B:-Sterling 

 C:-Indian Currency 

 D:-None of the above 

 Correct Answer:- Option-C 


Question59:-The Government accounts shall be kept in _________ parts. 

 A:-Two 

 B:-Ten 

 C:-Four 

 D:-Three 

 Correct Answer:- Option-D 


Question60:-The three main division of consolidated fund are (i) Revenue (ii) Capital (iii) _______ 

 A:-Deposits 

 B:-Cash 

 C:-Bank Balance 

 D:-Debt 

 Correct Answer:- Option-D 


Question61:-The main unit of classification in the accounts shall be ________. 

 A:-Account 

 B:-Major Head 

 C:-Detailed Head 

 D:-None of the above 

 Correct Answer:- Option-B 


Question62:-The change of nomenclature of any of the existing heads shall require the approval of the __________. 

 A:-Chief Minister 

 B:-Legislature 

 C:-C & AG 

 D:-None of the above 

 Correct Answer:- Option-C

 

Question63:-Expenditure which under the provisions of the Constitution is subject to the vote of the Legislature is called ____________ Expenditure. 

 A:-Charged 

 B:-Budget 

 C:-Sanctioned 

 D:-Voted 

 Correct Answer:- Option-D 


Question64:-The Indian Audit and Account order was issued during ___________. 

 A:-1946 

 B:-1947 

 C:-1936 

 D:-1935 

 Correct Answer:- Option-C 


Question65:-Expenditure for purchase of computers are __________ expenditure. 

 A:-Electronic 

 B:-Capital 

 C:-Revenue 

 D:-None of the above 

 Correct Answer:- Option-C 


Question66:-Expenditure by Government on Grants-In-Aid to Local Bodies for the purpose of creating assets are ____________ expenditure. 

 A:-Local Fund 

 B:-Fixed 

 C:-Revenue 

 D:-Capital 

 Correct Answer:- Option-C 


Question67:-Expenditure incurred by Government for reducing recurring liabilities are _________ Expenditure. 

 A:-Capital 

 B:-Proforma 

 C:-Charged 

 D:-Revenue 

 Correct Answer:- Option-A 


Question68:-Expenditure on additions and improvements of a project are __________ Expenditure. 

 A:-Charged 

 B:-Capital 

 C:-Revenue 

 D:-None of the above 

 Correct Answer:- Option-C 


Question69:-Rents recovered on account of buildings by departments should be treated as _________ receipt of the Department. 

 A:-Income 

 B:-Rent income 

 C:-Revenue 

 D:-Capital 

 Correct Answer:- Option-C 


Question70:-A contribution paid by a private party with the object of meeting the cost of construction by the PWD should be credited as ___________. 

 A:-Capital Receipt 

 B:-Donation Receipt 

 C:-Contribution Receipt 

 D:-Revenue Receipt 

 Correct Answer:- Option-D 


Question71:-Refunds of Revenue shall be taken __________ of the revenue receipts under the major head concerned. 

 A:-As addition 

 B:-As increase 

 C:-In reduction 

 D:-None of the above 

 Correct Answer:- Option-C 


Question72:-Money advanced for miscellaneous purposes under special authority and recoverable in cash shall be adjusted under the head __________. 

 A:-Loans 

 B:-Debts 

 C:-Credits 

 D:-None of the above 

 Correct Answer:- Option-D 


Question73:-Commercial Departments should be _________ for office accommodation supplied by PWD. 

 A:-Paid 

 B:-Credited 

 C:-Charged 

 D:-None of the above 

 Correct Answer:- Option-C 


Question74:-If a receipt claim be __________, the value of the claim shall not be recorded on the expenditure side as a specific loss. 

 A:-Collected 

 B:-Paid 

 C:-Omitted 

 D:-Relinquished 

 Correct Answer:- Option-D 


Question75:-If money due to Government has actually reached a Government servant and is then stolen it should be brought as a ___________ into the Government Fund first.  A:-Loss 

 B:-Gain 

 C:-Receipt 

 D:-None of the above 

 Correct Answer:- Option-C 


Question76:-When the cost of land was originally debited to capital account its sale proceeds should be __________account. 

 A:-Debited to capital 

 B:-Credited to capital account 

 C:-Credited to Revenue 

 D:-Debited to revenue account 

 Correct Answer:- Option-B 


Question77:-All losses of ________ should be recorded under separate heads in the accounts. 

 A:-Land 

 B:-Buildings 

 C:-Assets 

 D:-Cash 

 Correct Answer:- Option-D

 

Question78:-Coins are issued under section __________ of the Indian Coinage Act, 1906. 

 A:-14 

 B:-17 

 C:-24 

 D:-34 

 Correct Answer:- Option-A 


Question79:-The 50 paise coins is legal tender for any sum not exceeding __________ Rupees. 

 A:-100 

 B:-1000 

 C:-10 

 D:-50 

 Correct Answer:- Option-C 


Question80:-A loss of cash which is written off should be debited as __________ of the department concerned. 

 A:-Loss charge 

 B:-Expenditure charge 

 C:-Contingent charge 

 D:-Administration charge 

 Correct Answer:- Option-C 


Question81:-An over payment of pay shall be debited to the head __________. 

 A:-Advance 

 B:-Allowance 

 C:-Debit 

 D:-None of the above 

 Correct Answer:- Option-D 


Question82:-Government of India gives plan grants to the states as per article __________ of the Constitution. 

 A:-275 

 B:-269 

 C:-282 

 D:-None of the above 

 Correct Answer:- Option-C 


Question83:-It is the duty of the ___________ to make recommendations regarding the distribution of Income Tax and Union excise duties. 

 A:-Accountant General 

 B:-C & AG 

 C:-President of India 

 D:-Finance Commission 

 Correct Answer:- Option-D 


Question84:-The _______ constitutes the Finance Commission under Article 280 of the Constitution. 

 A:-Parliament 

 B:-President 

 C:-Prime Minister 

 D:-Union Finance Minister 

 Correct Answer:- Option-B 


Question85:-The Budget Estimates of Defence are prepared by the ________ of Defence services. 

 A:-Major General 

 B:-Air Marshall 

 C:-Commodore 

 D:-Financial Adviser 

 Correct Answer:- Option-D 


Question86:-Receipt of money from the public and department officers for credit to Government is the function of _________. 

 A:-Cashier 

 B:-Bank 

 C:-RBI 

 D:-Treasury 

 Correct Answer:- Option-D 


Question87:-The ________are not required to compile the transactions occurring with them. 

 A:-Sub-divisions 

 B:-Sub-treasuries 

 C:-Rural Treasuries 

 D:-None of the above 

 Correct Answer:- Option-B 


Question88:-The fundamental object of audit is to secure real value for the ___________. 

 A:-Revenue collected 

 B:-Profit made 

 C:-Tax payer's money 

 D:-None of the above 

 Correct Answer:- Option-C 


Question89:-Central Audit is by and large ________ Audit. 

 A:-Cash and Bank 

 B:-Cash and Accounts 

 C:-Accounts and ledger 

 D:-Regularity and Propriety 

 Correct Answer:- Option-D 


Question90:-The Statutory Authority for Audit of Receipts is __________. 

 A:-Government 

 B:-Finance Department 

 C:-C and AG 

 D:-None of the above 

 Correct Answer:- Option-C 


Question91:-Irrigation receipts is a __________ receipts. 

 A:-Tax 

 B:-Cess 

 C:-Capital 

 D:-Non-Tax 

 Correct Answer:- Option-D 


Question92:-A regular accounting of demands, collection and refunds are required for ____________. 

 A:-Capital Expenditure 

 B:-Revenue Expenditure 

 C:-Revenue Receipts 

 D:-None of the above 

 Correct Answer:- Option-C 


Question93:-The Finance Accounts of the Central Government are prepared by ____________. 

 A:-C & A.G 

 B:-Accountant General-Central Revenues 

 C:-Government of India 

 D:-None of the above 

 Correct Answer:- Option-B 


Question94:-The Accounts of Government are based in the main on the _________ system. 

 A:-Double Entry 

 B:-Single Entry 

 C:-Multiple Entry 

 D:-None of the above 

 Correct Answer:- Option-B 


Question95:-Period of accounts of Government is fixed by _____________. 

 A:-C & AG 

 B:-Union Government 

 C:-Audit and Accounts order 1936 

 D:-None of the above 

 Correct Answer:- Option-C 


Question96:-In case of _____________ the assets produced should belong to the authority incurring the expenditure. 

 A:-Government Expenditure 

 B:-Capital Expenditure 

 C:-Revenue Expenditure 

 D:-None of the above 

 Correct Answer:- Option-B 


Question97:-The Committee constituted for examining the Accounts and Audit Reports is called 

 A:-Estimates Committee 

 B:-Works Committee 

 C:-Public Accounts Committee 

 D:-None of the above 

 Correct Answer:- Option-C 


Question98:-_____________ is precluded from examination and investigation of matters of day-to-day administration. 

 A:-Works Committee 

 B:-Government Committee 

 C:-Committee on Public undertakings 

 D:-None of the above 

 Correct Answer:- Option-C 


Question99:-The Tenure of Estimates Committee is ___________ year. 

 A:-5 

 B:-3 

 C:-2 

 D:-1 

 Correct Answer:- Option-D

 

Question100:-The C & AG of India is regarded as a _________ of the Committees on Public Accounts and Public undertakings. 

 A:-Advisor 

 B:-Authority 

 C:-Friend, Philosopher and Guide 

 D:-None of the above 

 Correct Answer:- Option-C