Key MCQ 60

SN Question Answer

1 Which is the correct order in respect of Audit Objections ? D

A. AIR, Specific Report, Provisional Para, Draft Para,
Audit Para
B. Specific Report, AIR, Draft Para, Provisional Para,
Audit Para
C. Specific Report, Provisional Para, Draft Para, Audit
Para,AIR
D. AIR, Specific Report, Draft Para, Provisional Para,
Audit Para

2 Which is not correct in respect of Appropriation Accounts ? B

A. Prepared and signed by CRB & CEO and Member
Finance at Railway Board level
B. The Statements are presented to the Ministry of
Finance.
C. Presented through PAC - Public Accounts Committee
D. Comparing the amount of actual expenditure with the
amount of grants voted by the Parliament &
Appropriations sanctioned by President of India

3 Which one of the following is an incorrect Pair in connection B

with Appropriation Accounts ?
A. Annexure I - Irregular Reappropriations
B. Annexure J - Under charges detected by Audit & Rlys
C. Annexure A - Unsanctioned Expenditure
D. Annexure K - Defects in Budgeting

4 Which one is incorrect in the case of the Group Incentive C

Scheme in Workshops ?
A. Minimum Bonus and Maximum Bonus should be 20 %
& 50 % respectively
B. Ide time can be booked only on account of power
failure at a stretch of more than one hour.
C. PCO - Production Control Organisation is responsible
for Incentive related work in the Workshop (like in the
CLW).
D. 70% of Individual Shop and 30% of the Overall outturn
is taken for Bonus calculation

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5 Turn Over Ratio formula is _________ D
A. Stores balances as on 31st March / Total Stores
issues during the year
B. Total Stores Issues during the Year / Stores balances
as on 31st March
C. Total Stores Issues during the Year / Stores balances
as on 31st March x 100
D. Stores balances as on 31st March / Total Stores
issues during the year x 100

6 Minimum Pension and Maximum Pension is _________ D

A. Rs. 18,000 & Rs. 1,25,000
B. Rs. 10,000 & Rs. 1,00,000
C. Rs. 9,000 & Rs. 1,00,000
D. Rs. 9,000 & Rs. 1, 25,000

7 Which one of the following is incorrect in case of A

Reappropriation of funds.
A. Finance Concurrence is not required
B. Railway Board has power to Reappropriate from one
Sub Major Head to another Sub Major Head
C. Reappropriation is not permissible after 31st March
D. GM has power to Reappropriate from One Work in
Same Plan Head, Same Source of Finance to another
work in Same Plan Head, same source of Finance
subject to residual grant being not less than Rs. One
Lakh in former work.

8 Which one is incorrect in case of Link Heads B

A. Traffic & Demands Recoverable always shows Debit
Balance
B. Traffic & Demands Recoverable are operated in
Revenue side and Labour Suspense & Demands
Payable are operated on Capital side
C. Labour Suspense & Demands Payable always shows
Credit Balance
D. Demands Recoverable operates in case of Sundry
Earnings

9 Voluntary Retirement by the employee only after rendering A

_________years of qualifying service.
A. 20 Years
B. 25 Years
C. 30 Years
D. 33 Years

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10 Rounding off of Qualifying Service - Which one of the D
statements is incorrect ?
A. Less than 3 months- Ignored
B. More than 3 months but less than 9 months- ½ year
C. More than 9 months – One year
D. All are correct

11 Please check the following statements with reference to Traffic D

Book. 1. Part A is Station Accounts 2. Part B is Ledger
Account of Home Railway 3. Part C is Adjustment / Division
Sheet 4. Part D is Abstract of Earnings & Statement of
Balances.
Which of the above statements are correct ?
A. 1 & 2
B. 2 & 4
C. 2 & 3
D. 1 & 4

12 In ABC method, B category represents C

A. 70% items - 10 % Value
B. 20 % items - 10 % value
C. 20 % items - 20 % value
D. 10 % items - 70 % value

13 Please tick the incorrect Pair C

A. Sub Major Head 5 - R & M of Plant & Equipment
B. Sub Major Head 3 - R & M of Motive Power
C. Sub Major Head 7 - Operating Expenses - Fuel
D. Sub Major Head 11 - PF, Pension & other Retirement
Benefits

14 Please choose the incorrect Pair B

A. Sub Major Head 1 - Salary of PFA
B. Sub Major Head 10 - Pension expenditure
C. Sub Major Head 6 - Salary of Loco Pilot
D. Sub Major Head 3 - POH of Electric Locomotive

15 The Correct order of Revenue classification of accounts is ? A

A. Erstwhile Demand, Minor Head, Sub Head, Detailed
Head, Primary Unit
B. Erstwhile Demand, Sub Head, Minor Head, Detailed
head, Primary Unit
C. Erstwhile Demand, Sub Head, Detailed head, Minor
Head, Primary Unit
D. None of these

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16 Which one is not a function of Accounts Department C
A. Internal check of Receipts and Expenditure
B. Keeping the Railway Accounts
C. Primary Responsibility of Allocations/classification of
Expenditure & Earnings
D. Compilation of Budget

17 Post Retirement pass - Group C Staff who rendered service of D

25 years and above are entitled ____ per year
A. 1 Set
B. 3 Sets
C. 1 ½ Sets
D. 2 Sets

18 ________ Prepared based on the drawings and detailed cost C

for the purpose of getting the technical sanction.
A. Abstract Estimates
B. Revised Estimates
C. Detailed Estimates
D. Project Abstract Estimates

19 The direct control on the affairs of the workshops in the Zonal D

Railway is exercised by the ________ who is the
administrative head of the department for workshops.
A. PCME - Principal Chief Mechanical Engineer
B. CWM - Chief Workshop Manager
C. CME - Chief Mechanical Engineer
D. CWE - Chief Workshop Engineer

20 First two digits of Revenue Expenditure and Capital C

Expenditure represents __________ & ________ respectively
A. Source of Finance & Erstwhile Demand No
B. Erstwhile Demand No & Erstwhile Demand No
C. Erstwhile Demand No & Source of Finance
D. Primary Unit & Source of Finance

21 In CR note, CR stands for __________ B

A. Credit Remittance
B. Cash Remittance
C. Cash Revenue
D. Credit Revenue

22 Apportionment of Earnings is entrusted to ______ and the C

Nodal Zonal Railway is ______
A. RITES & Western Railway
B. RITES & Central Railway
C. CRIS & Central Railway
D. CRIS & South Central Railway

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23 Which one of the following is not comes under “General C
Books” of Railway Accounts
A. General Cash Book
B. Journal
C. Revenue Allocation Register
D. Ledger

24 A fund called _________is kept at the disposal of the D

President for meeting unforeseen expenditure on “New
Services”, pending authorisation by Parliament.
A. Consolidated Fund of India
B. Public Account of India
C. Railway Central Fund
D. Contingency Fund of India

25 LTTC stands for ____________ (Traffic Accounts) A

A. Long Term Tariff Contract
B. Long Term Traffic Contract
C. Long Tariff Term Contract
D. Long Term Traditional Contract

26 In the Balance Sheet, total assets are Rs.20 lakhs and the A
total liabilities are Rs. 14 Lakhs. Find the value of Owner’s
Capital ?
A. Rs 6 Lakhs
B. Rs. 34 Lakhs
C. Rs. 14 Lakhs
D. Rs. 20 Lakhs

27 In Workshop Accounts, Outturn Statement is prepared in D

_____ and _____ reflects closing balance of WMS Account
(Works awaiting adjustment and Works in Progress).
A. 3 parts and Part 3
B. 3 parts and Part 2
C. 2 parts and Part 1
D. 2 parts and Part 2

28 Apportionment of Goods Earnings is made in proportion to the D

________ distance in which traffic is carried
A. Actual
B. Approximate
C. Rationalised
D. Leg wise

29 Please choose the incorrect pair A

A. Abstract Estimate - Technical Sanction
B. Completion Estimate - Stock taking estimate
C. Construction Estimates - Detailed estimates of all the
works in the Project
D. Revised Estimate - Anticipated cost is likely to exceed
10 % due to escalation or otherwise

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30 As a normal rule, the Closing Balances under WMS are C
required to be kept at ______ and _____ of Gross Credits for
Revenue works and Manufacturing works respectively.
A. 6 % and 3 %
B. 5 % and 6 %
C. 3 % and 6 %
D. 3 % and 5 %

31 Which is incorrect regarding Station Balance Sheet C

A. It is a Personal Ledger /Account of Station Manager
B. Transactions orginating at the Station are recorded
C. It is prepared in Traffic Accounts Office
D. Realisation of Earnings is through either Cash or
Vouchers at Station.

32 Which of the following pair is incorrect C

A. SF 1 - Order of Suspension
B. SF 2 - Order of Deemed Suspension
C. SF 5 - Order of Revocation of Suspension
D. SF 11 - Charge Memorandum for Minor Penalty

33 iMMS stands for ______________ B

A. Internal Material Management System
B. Integrated Material Management System
C. Integrated Material Maintenance System
D. Internal Manpower Management System

34 FOIS program is monitored by A

A. CRIS
B. RITES
C. CMC
D. RDSO

35 Clearance of Station Outstandings are the responsibility of A

________
A. Station Manager
B. Traffic Accounts Office
C. Commercial Department
D. Sr.TIA

36 Station Balance Sheet is the __________ of the A

Station Master.
A. Personal Account
B. Profit & Loss Account
C. Cash Book
D. Commercial Account

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37 IR-WCMS stands for Indian Railways ___________ A
A. Works Contract Management System
B. Works Contract Maintenance System
C. Working Contractor Management System
D. Works Contract Management Software
38 __________ is a contract under which the contractor C
engages to carry out a work or effect supply as
specified and within a given period for a fixed total
sum.
A. Piece Work contract
B. Schedule contract
C. Lumpsum contract
D. None of these
39 Which is incorrect in case of Departmental charges D
A. The charges leviable will be 12 ½ percent on
the total cost of the work (wages & materials)
including the cost of land.
B. Levied in case of Deposit Works undertaken
by Railways for outsiders / private parties /
other Government Departments
C. Departmental charges not applicable for
works executed by Engineering workshops
(for which separate rules exists)
D. Departmental charges are treated as
Miscellaneous earnings and taken as
reduction of the Expenditure in Final Heads
40 Minimum Rate of Return under DFC Technique (for D
financial appraisal of Projects) is _______
A. 12 %
B. 14 %
C. 16 %
D. None of these
41 Works Programme Co ordinator at Zonal Level is A
______
A. CPDE
B. GM
C. PCE
D. PFA

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42 __________ is one under which, during the period of A
its currency the contractor engages to supply, and
the other party to the contract to take a specified
quantity (with a percentage tolerance either way) of
materials, as and when ordered, at fixed unit rates,
within a given period of the receipt of such order.
A. Running Contract
B. Rate Contract
C. Fixed Quantity Contract
D. None of these
43 Which one is incorrect in case of Annual Contract C
Estimates of Materials
A. Estimates should be prepared on Annual
requirement basis as per the schedules fixed.
B. The 12 months period for which the
requirement is estimated is called “Contract
Period”
C. The period between the date of last
procurement and the beginning of the
contract period is called "Interim Period".
D. None of these
44 Choose the incorrect pair ? D
A. Ordinary Stores - items for which there is
regular turnover, caused by constant
demand and which are stocked by the stores
department in Depots
B. Emergency stores - comprising items which
do not ordinarily wear out or require renewal
but have to be kept in stock to meet
emergencies and items which are not readily
available/obtainable.
C. Non Stock items - stores other than ordinary
stores and emergency stores which are not
purchased for stock purpose
D. None of these
45 NTR stands for ___________ (Traffic Accounts D
context)
A. New Tariff Revenue
B. New Train Route
C. Net Tariff Rate
D. None of these

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46 Restoration of commuted portion of Pension _____ from the D
date of actual commutation
A. 12 Years
B. 10 Years
C. 20 Years
D. None of these

47 Which one of the following statements is correct ? B

A. Single Demand Number of Ministry of Railways for the
FY 2022-23 is 84
B. Major Head 3002 - Indian Railways Commercial Lines
- Working expenses is divided into 12 Sub Major
Heads
C. Major Head 1002 is Capital Outlay on Indian
Railways-Commercial Lines
D. Major Head 5002 is Indian Railways-Commercial
Lines- Revenue Receipts

48 Which one of the following statement is correct in respect of A

existing Budgetary Reviews
A. RE/BE and FME (Two Reviews)
B. ARE, RE/BE and FME (Three Reviews)
C. RE, BE and FME (Three Reviews)
D. RE and BE (Two Reviews)

49 NFR stands for __________ (Traffic Accounts context) B

A. New Fare Revenue
B. Non Fare Revenue
C. New Freight Revenue
D. Non Freight Revenue

50 First two digits of Revenue classification of Other Coaching B

Revenue is _______
A. 90
B. 91
C. 92
D. 93

51 The cost of replacement of Railway Bridge is charged to ____ D

A. Capital
B. Development Fund
C. Debt Service Fund
D. None of these

52 The object of Completion Report is ________ B

A. To know the Actual cost of the work
B. To compare the actual cost with the sanctioned
estimates and regularise the expenditure
C. To close the accounts of the work.
D. None of the above.

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53 Open Tender shall be invited with a minimum notice of _____ D
A. 30 days from the date of publication
B. 21 days without finance concurrence for tenders
valuing up to Rs.1 Crore
C. 14 days with Finance concurrence for Tenders valuing
up to Rs. 2 Crore
D. All of the above

54 Which one of the pairs is incorrect ? D

A. Part A of MSOP - Works
B. Part B of MSOP - Medical
C. Part D of MSOP - Stores
D. Part G of MSOP - Commercial

55 Performance Guarantee for Works Contracts & Service A

Contracts is ______ & ________ respectively
A. 5 % & 10 %
B. 5 % & 5 %
C. 10 % & 5 %
D. 10 % & 10 %

56 Which is incorrect in case of Direct Acceptance of Tenders in

case of Works ? B
A. Up to Rs.50 Lakhs
B. L1 can be bypassed
C. Minimum Notice Period is 21 days
D. Sanction of Detailed Estimate

57 Which of the following is not EBR (Extra Budgetary Resource)

for Railways C
A. EBR (IF)
B. IRFC
C. Capital Fund
D. PPP

58 All Inter / Intra Railway Transactions are called as _________ D

A. Remittance Transactions
B. PAO Transactions
C. Adjustment Transactions
D. Transfer Transactions

59 Which of the following pairs is incorrect D

A. Plan Head 2100 - Rolling Stock
B. Plan Head 4100 - M & P
C. Plan Head 1100 - New Lines
D. Plan Head 5100 - Customer Amenities

60 Part III of Development Fund is _________ A

A. Unremunerative Works
B. Safety Works
C. Passenger Amenities
D. Labour Welfare Works

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