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General Financial Rules 2017 - Chapter 2: General

System of Financial Management

1. All moneys received by or on behalf of the Government either as dues

of Government or for deposit, remittance or otherwise, shall be
brought into Government Account

A. on the same day

B. within 24 hours

C. as soon as possible
D. without delay
2. All moneys received by or on behalf of the Government shall be
brought into Government Account in accordance with such general
or special rules as may be issued under Articles
A. 149 and 283 of the Constitution
B. 150 and 283 (1) of the Constitution
C. 151
250and 284 (1) of the Constitution
SH A RE S
MCQ-Adda D. 151 and 283 of the Constitution
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3. Under Article 284 of the Constitution all moneys received by or

deposited with any o cer employed in connection with the a airs of
the Union in his capacity as such, other than revenues or public
moneys raised or received by Government, shall be paid into the
A. Consolidated Fund of India
B. Contingency Fund of India
C. Public Account
D. Departmental Account
4. All moneys received by or deposited with the Supreme Court of India
or with any other Court, other than a High Court, within a Union
Territory, shall be paid into

A. Consolidated Fund of India

B. Contingency Fund of India

C. Public Account
D. Departmental Account

5. The Head of Account to which public moneys shall be credited and

the withdrawal of moneys therefrom shall be governed by the

relevant provisions of
A. List of Major Head and Minor Head

B. Delegation of Financial Power

C. GAR 1990 and R&P Rules, 1983 or such other general or special

orders as may be issued in this behalf.

D. Treasury Rules

6. Subject to any general or special orders issued by a Department of

the Central Government, an Administrator or a Head of a

Department responsible for the collection of revenue shall keep

________the fully informed of the progress of collection of

revenue under his control and of all important variations in such

collections as compared with the Budget Estimates.
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MCQ-Adda A. Secretary to the concerned department
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B. Ministry of Finance

C. Committee on Economic A air

D. Niti Aayog

7. When the maintenance of any rentable building is entrusted to a civil

department, other than the Central Public Works Department, who

shall be responsible for the due recovery of the rent thereof

A. the Administrator or the Head of the Department concerned

B. the head of the o ce concerned

C. Divisional o cer of the concerned division

D. Directorate of Estate

8. The detailed rules and procedure, regarding the demand and

recovery of rent of Government buildings and lands, are contained in

the
A. GAR 1990

B. R&P 1983
C. GFR 2017

D. departmental regulations of the departments in charge of

those buildings

9. Who shall watch the realization of miscellaneous demands of

Government, not falling under the ordinary revenue administration,

such as contributions from State Governments, Local Funds,

contractors and others towards establishment charges.

A. Head of the Department

B. Accounts O cers

C. Chief Accounting O cer

D. Department of Revenue
10. Subject to any general or special orders issued by the Government

Departments of the Central Government, Administrators and Heads

of Departments,
250 other than those in _____________ shall
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MCQ-Addasubmit to the Audit O cer and the Accounts O cer concerned
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statements showing the remissions of revenue and abandonment of

claims to revenue sanctioned during the preceding year by

competent authorities

A. Ministry of Railways

B. Ministry of Defence

C. Department of Post
D. Department of Telecommunication

11. The above mentioned statement shall be submitted

A. Monthly

B. Quarterly
C. Six-monthly

D. Annually

12. The above mentioned statement of remission of revenue shall be

submitted to the Audit O cer and the Accounts O cer concerned on

A. 31st March
B. 1 st April

C. 1 st June

D. 30th September

13. In the annual statement of remission of revenue shall be submitted

to the Audit O cer and the Accounts O cer, individual remissions

need not be included in the statements provided that amount is

A. Below Rupees one hundred (100)

B. Below Rupees ve hundred (500)

C. Below Rupees one thousand (1000)

D. Below Rupees two thousand (2000)

14. Who may make rules de ning remissions and abandonments of

revenue for the purpose of Rule 19 of GFR 2017

A. Parliament

B. President
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MCQ-Adda C. Ministry of Finance
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D. Departments of the Central Government and Administrators

concerned

15. Standards of nancial propriety have been referred to in the GFR

under Rule

A. 19

B. 20

C. 21
D. 22

16. The nancial powers of the Government, which have not been

delegated to a subordinate authority, shall vest in the

A. President
B. Parliament

C. Union Cabinet

D. Finance Ministry

17. The duties and responsibilities of a controlling o cer in respect of

funds placed at his disposal are to ensure except:

A. that the expenditure does not exceed the budget allocation.

B. that the expenditure is incurred for the purpose for which funds

have been provided.

C. that the expenditure is not incurred in public interest.

D. that adequate control mechanism is functioning in his

Department for prevention, detection of errors and

irregularities in the nancial proceedings of his subordinate

o ces and to guard against waste and loss of public money

18. An order which involves (i) any grant of land, or assignment of

revenue, or concession, grant, lease or license of mineral or forest

rights, or rights to water, power or any easement or privilege of such

concessions, or relinquishment of revenue in any way shall not be

issued250
by a subordinate authority without previous sanction of
SH A RE S
MCQ-Adda A. the President
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B. the Parliament

C. Secretary of the concerned department/Ministry

D. Ministry of Finance

19. Pick the correct one Copies of all sanctions or orders other than the
following types should be endorsed to the Audit O cers: (i)

Sanctions relating to grant to advances to Central Government

employees. (ii) Sanctions relating to appointment or promotion or

transfer of Gazetted and non-Gazetted O cers. (iii) All sanctions

relating to creation or continuation or abolition of posts. (iv)

Sanctions for handing over charge and taking over charge, etc.

A. i, ii and iii

B. ii, iii and iv

C. i, iii and iv

D. All of the above

20. State whether true or false Sanction of Contingent expenditure

incurred under the powers of Head of O ces shall invariably be

communicated to Audit O ce.

A. True
B. False
21. A sanction for any fresh charge shall, unless it is speci cally renewed,

lapse if no payment in whole or in part has been made during a

period of
A. 3 months from the date of issue of such sanction.

B. 6 months from the date of issue of such sanction.

C. 12 months from the date of issue of such sanction.

D. Financial year in which sanction accorded.

22. Pick the incorrect one
A. when the period of currency of the sanction is prescribed in the

departmental regulations or is speci ed in the sanction itself, it

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MCQ-Adda shall lapse on the expiry of such periods; or
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B. when there is a speci c provision in a sanction that the

expenditure would be met from the Budget provision of a

speci ed nancial year, it shall lapse at the close of that

nancial year; or
C. in the case of purchase of stores, a sanction shall not lapse, if

tenders have been accepted (in the case of local or direct

purchase of stores) or the indent has been placed (in the case of
Central Purchases) on the Central Purchase Organization within

the period of one year of the date of issue of that sanction, even
if the actual payment in whole or in part has not been made

during the said period.

D. in respect of an addition to a permanent establishment, made
from year to year under a general scheme by a competent

authority, or in respect of an allowance sanctioned for a post or

for a class of Government servants, but not drawn by the
o cer(s) concerned shall lapse.

23. The remission of disallowances by Audit and writing o of

overpayments made to Government servants by competent

authorities shall be in accordance with the provisions of the

A. R&P Rules 1983
B. GAR 1990

C. GFR 2017
D. Delegation of Financial Powers Rules
24. Pick the incorrect one regarding losses need not be reported by the

subordinate authority concerned to the next higher authority as well

as to the Statutory Audit O cer and to the concerned Principal

Accounts O cer
A. when such loss has been made good by the party responsible
for it.
250
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MCQ-Adda B. Cases involving losses of revenue due to mistakes in
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assessments which are discovered too late to permit a

supplementary claim being made,

C. Cases involving losses of revenue due to under assessments

which are due to interpretation of the law by the local authority

being overruled by higher authority after the expiry of the
time-limit prescribed under the law

D. refunds allowed on the ground that the claims were time-

barred.
25. Petty losses are losses not exceeding (need not be reported) in terms

of GFR 2017
A. 2000/-

B. 5000/-
C. 10000/-
D. 25000/-

26. Cases involving serious irregularities shall not be brought to the

notice of
A. Financial Adviser

B. Chief Accounting Authority of the Ministry or Department

concerned

C. the Accounts O ce/Audit O cer Concerned

D. the Controller General of Accounts, Ministry of Finance.
27. Report of loss shall be made at

A. Single stage
B. two stages
C. three stages

D. depending upon the nature of case.

28. The reports on losses, which the HoD cannot nally dispose of under

the delegated powers, shall be submitted to

A. Financial Advisor of the concerned Ministry/Department
250
SH A RE S
MCQ-Adda B. Chief Accounting Authority of the concerned
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Ministry/Department
C. the Finance Ministry

D. the Parliament
29. State whether true or false An amount lost through
misappropriation, defalcation, embezzlement, etc., must not be

redrawn on a simple receipt pending investigation, recovery or

write-o with the approval of the authority competent to write-o

the loss in question. It should only be drawn after loss has been made
good.
A. True

B. False
30. In cases of loss to Government on account of culpability of

Government servants, the loss should be borne by the

A. Government Servant concerned
B. Section-in-charge of Government Servant concerned

C. HoD concerned
D. Central Government Department or State Government
concerned with the transaction.

31. If any recoveries are made from the erring Government o cials in
cash, the receipt will be credited to the that borne/sustained the loss

i.e.
A. Government Servant concerned
B. Section-in-charge of Government Servant concerned

C. HoD concerned
D. Central Government Department or State Government
concerned with the transaction.

32. All cases involving loss of Government money arising from erroneous
or irregular issue of cheques or irregular accounting of receipts will be

reported to the
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SH A RE S
MCQ-Adda A. Chief Controller of Accounts
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B. Controller General of Accounts

C. Comptroller & Auditor General
D. Audit/Account O cer

33. Cases involving material loss or destruction of Government property

as a result of re, theft, fraud, etc., shall be invariably reported to the
Police for investigation as early as possible where value of loss

exceeds
A. 10000/-

B. 25000/-
C. 50000/-
D. 100000/-

34. All loss of immovable property, such as buildings, communications,

or other works, caused by re, ood, cyclone, earthquake or any

other natural cause, shall be reported at once by the subordinate

authority concerned to Government through the usual channel
incase loss exceeds

A. 25000/-
B. 50000/-
C. 100000/-

D. 150000/-
35. Pick the incorrect one regarding submission of any les categorized

as ‘Secret’ or ‘Top Secret to Audit o cer

A. It should not be submitted to Audit without prior concurrence of
Government.

B. It should be submitted as usual.

C. It should be submitted to Audit in the presence of HoD
D. It should personally be given to the Head of the Audit O ce

specifying this fact, who will then deal with it in accordance

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MCQ-Adda with the standing instructions for handling and custody of
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such classi ed documents.

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