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GFR MCQ Set 1

The document is a practice set containing 50 multiple-choice questions (MCQs) related to the General Financial Rules (GFR), covering various rules and regulations regarding government procurement. Each question includes the correct answer and a brief explanation of the relevant rule. Key topics include procurement methods, performance security, tendering processes, and principles of public buying.
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0% found this document useful (0 votes)
431 views2 pages

GFR MCQ Set 1

The document is a practice set containing 50 multiple-choice questions (MCQs) related to the General Financial Rules (GFR), covering various rules and regulations regarding government procurement. Each question includes the correct answer and a brief explanation of the relevant rule. Key topics include procurement methods, performance security, tendering processes, and principles of public buying.
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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GFR MCQ Practice Set - 50 Questions with Answers and Explanations

1. Under which rule of GFR is Government e-Marketplace (GeM) procurement defined?\ a) Rule
146\ b) Rule 149\ c) Rule 151\ d) Rule 153\ Answer: b) Rule 149\ Explanation: Rule 149 of GFR 2017
specifically deals with procurement through the Government e-Marketplace (GeM).

2. Rule 145 of GFR pertains to:\ a) Modes of tendering\ b) Disposal of goods\ c) Fundamental principles
of public buying\ d) Registration of suppliers\ Answer: c) Fundamental principles of public buying\
Explanation: Rule 145 outlines the basic guiding principles of fairness, transparency, competition, and
value for money in public procurement.

3. What is the threshold value for procurement under 'petty purchases'?\ a) Rs. 10,000\ b) Rs.
15,000\ c) Rs. 25,000\ d) Rs. 50,000\ Answer: a) Rs. 10,000\ Explanation: GFR allows petty purchases up
to Rs. 10,000 without quotation.

4. Limited Tender Enquiry is permitted for procurement of value:\ a) Up to Rs. 25,000\ b) Up to Rs.
1,00,000\ c) Up to Rs. 2,50,000\ d) Up to Rs. 5,00,000\ Answer: d) Up to Rs. 5,00,000\ Explanation: For
procurement above Rs. 25,000 and up to Rs. 5 lakh, limited tender enquiry is permitted.

5. Under Rule 151, a firm can be debarred from procurement if:\ a) It delays supply\ b) It fails quality
checks\ c) It is found fraudulent\ d) All of the above\ Answer: d) All of the above\ Explanation: Rule 151
lists all these reasons as grounds for debarment.

6. Which rule describes the performance security to be obtained from the supplier?\ a) Rule 159\ b)
Rule 170\ c) Rule 175\ d) Rule 178\ Answer: b) Rule 170\ Explanation: Rule 170 discusses bid security
and performance security in government procurement.

7. What is the validity period for performance security beyond the completion of contract?\ a) 15
days\ b) 30 days\ c) 45 days\ d) 60 days\ Answer: b) 30 days\ Explanation: Rule mandates that
performance security should remain valid for a period of 60 days beyond the date of completion.

8. Which of the following rules deals with e-publishing of tender enquiries?\ a) Rule 153\ b) Rule
154\ c) Rule 159\ d) Rule 160\ Answer: c) Rule 159\ Explanation: Rule 159 mandates that tender
enquiries, bid awards etc. be published on the CPPP.

9. For procurement above Rs. 25 lakh, what is the preferred mode of purchase?\ a) GeM\ b) Limited
Tender\ c) Open Tender\ d) Single Tender\ Answer: c) Open Tender\ Explanation: Open tendering
ensures greater transparency and competition for large value procurement.

10. Rule 213 is related to:\ a) Verification of stores\ b) Writing off of losses\ c) Transfer of charge\ d)
Physical verification of fixed assets\ Answer: d) Physical verification of fixed assets\ Explanation: Rule
213 mandates the physical verification of assets at least once a year.

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11. As per GFR, how often should the physical verification of stores be carried out?\ a) Once in 2
years\ b) Quarterly\ c) Half-yearly\ d) Annually\ Answer: d) Annually\ Explanation: GFR recommends
annual physical verification of stores to maintain accountability and control.

12. What is the minimum number of bids required in Limited Tender Enquiry?\ a) One\ b) Two\ c)
Three\ d) Five\ Answer: c) Three\ Explanation: At least three responsive quotations should be received
in Limited Tender to maintain competitiveness.

13. Rule 148 under GFR deals with:\ a) Purchase of books\ b) Advertising rules\ c) Purchase of goods
without quotation\ d) Rate contracts\ Answer: d) Rate contracts\ Explanation: Rule 148 mentions
procurement through rate contracts issued by DGS&D or central purchase organizations.

14. What is the maximum limit for direct purchase from GeM?\ a) Rs. 25,000\ b) Rs. 50,000\ c) Rs.
1,00,000\ d) Rs. 5,00,000\ Answer: a) Rs. 25,000\ Explanation: Direct purchase from GeM without bid/
RA is allowed up to Rs. 25,000.

15. Which rule of GFR mentions e-procurement?\ a) Rule 160\ b) Rule 163\ c) Rule 164\ d) Rule 166\
Answer: b) Rule 163\ Explanation: Rule 163 deals with e-procurement for ensuring transparency and
efficiency in government purchases.

16. Under Rule 166, what is considered before allowing single tender procurement?\ a) Nature of
item\ b) Availability from one source\ c) Emergency\ d) All of the above\ Answer: d) All of the above\
Explanation: Single tender is allowed in cases of emergency, proprietary items or when only one
supplier exists.

17. Rule 157 of GFR mentions procurement through:\ a) Central Purchase Organization\ b) Rate
contract\ c) Government e-Marketplace\ d) DGS&D\ Answer: a) Central Purchase Organization\
Explanation: Rule 157 recommends procurement via agencies like Central Purchase Organization
(CPO).

18. What is the responsibility of the Head of Department as per Rule 210?\ a) Disposal of goods\ b)
Timely procurement\ c) Utilization of funds\ d) Maintenance of records\ Answer: c) Utilization of funds\
Explanation: Rule 210 outlines the responsibility of HoD in ensuring effective utilization of budget
grants.

19. Which rule pertains to maintenance of asset registers?\ a) Rule 212\ b) Rule 213\ c) Rule 215\ d)
Rule 218\ Answer: a) Rule 212\ Explanation: Rule 212 mentions that detailed asset registers must be
maintained for all valuable government property.

20. Which of the following is NOT a principle of public buying under GFR?\ a) Transparency\ b)
Fairness\ c) Delays in procurement\ d) Competition\ Answer: c) Delays in procurement\ Explanation:
GFR encourages timely, fair and transparent processes—delays go against its core principles.

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