Hi friends, here is the GFR 2017 Multiple Choice Questions (MCQ). General Financial Rules 2017 is a very Important topic useful for all Departmental Examinations under various Central Government Departments. In the previous set we covered 15 questions on Chapter 2 of GFR 2017. In this post, we will be discussing another Set of 15 Important Questions on the topic.
Those preparing for Inspector Posts Exam (IP Exam) and Postal Services Group B Exam (PS Gr.B Exam) will find these questions very useful. Attempt the questions and share your feedback.
GFR 2017 Multiple Choice Questions
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1. Petty losses of value not exceeding ____ need not be reported to the next higher authority?
(A)Rs.5000/-
(B)Rs.10,000/-
(C)Rs.20,000/-
(D)Rs.25,000/-
Ans: (B)Rs.10,000/-
2. Except in pursuance of the general delegation made by, or with the approval of the President, a subordinate authority shall not, without the previous consent of _____ issue an order which involves any grant of land, or assignment of revenue, or concession, grant, lease or licence of mineral or forest rights, or rights to water, power or any easement or privilege of such concessions?
(A)President of India
(B)Finance Ministry
(C)Niti Aayog
(D)All the above
Ans: (B)Finance Ministry
3. A sanction for any fresh charge shall, unless it is specifically renewed, lapse if no payment in whole or in part has been made during a period of?
(A)Six months from the date of issue of such sanction
(B)12 months from the date of issue of such sanction
(C)24 months from the date of issue of such sanction
(D)36 months from the date of issue of such sanction
Ans: (B)12 months from the date of issue of such sanction
4. In cases of loss to Government on account of culpability of Government servants, the loss should be borne by?
(A)Central Government Department
(B)State Government concerned with the transaction
(C)Both A or B
(D)Government Employee Concerned
Ans: (C)Both A or B
5. If any recoveries are made from the erring Government officials in cash, the receipt will be credited to the?
(A)Central Government Department or the State Government who sustained the loss
(B)Contingent Expenditure Fund
(C)Unclassified Receipt Account
(D)Consolidated Fund of India
Ans: (A)Central Government Department or the State Government who sustained the loss
6. As per Rule 33 of GFR 2017, which among the following losses need to be reported by the subordinate authority concerned to the next higher authority as well as to the Statutory Audit Officer?
(A)Loss above Rs.10,000/- even if the same has been made good by the party responsible for it
(B)refunds allowed on the ground that the claims were time-barred
(C)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)mistakes in assessments which are discovered too late to permit a supplementary claim being made
Ans: (A)Loss above Rs.10,000/- even if the same has been made good by the party responsible for it
7. In the case of which among the following, the sanctioning authority may, where required, accord sanction by signing or countersigning the bill or voucher, whether before or after the money is drawn, instead of by a separate sanction?
(A)non-recurring contingent and miscellaneous expenditure
(B)Recurring contingent expenditure
(C)All financial sanctions
(D)Bills below Rs.5000/-
Ans: (A)non-recurring contingent and miscellaneous expenditure
8. As per Rule 34 of GFR 2017, all losses above the value of _____ due to suspected fire, theft, fraud,etc., shall be invariably reported to the Police for investigation as early as possible?
(A)Rupees Fifty thousand
(B)Rupees Ten thousand
(C)Rupees One Lakhs
(D)Rupees twenty five thousand
Ans: (A)Rupees Fifty thousand
9. All financial sanctions and orders issued by a competent authority shall be communicated to the?
(A)Audit Officer
(B)Accounts Officer
(C)Both A and B
(D)None of these
Ans: (C)Both A and B
10. Report of loss contemplated under Rule 33 of GFR 2017 shall be made at how many stages?
(A)Five
(B)Three
(C)Two
(D)Only one
Ans: (C)Two
11. An officer shall be held personally responsible for any loss sustained by the Government through fraud or negligence on his part as per which Rule of GFR 2017?
(A)Rule 33
(B)Rule 41
(C)Rule 11
(D)Rule 37
Ans: (D)Rule 37
12. Orders sanctioning the creation of a temporary post should contain which among the following?
(A)sanctioned duration
(B)date from which it is to be created
(C)Both A and B
(D)None of these
Ans: (C)Both A and B
13. “Lapse of Sanctions” is mentioned in which Rule of GFR 2017?
(A)Rule 13
(B)Rule 30
(C)Rule 44
(D)Rule 21
Ans: (B)Rule 30
14. Subject to fulfilment of the provisions as contained in the Delegation of Financial Powers Rules, all rules, sanctions or orders shall come into force from?
(A)date of issue
(B)any other date from which they shall come into force is specified therein
(C)Either A or B
(D)None of these
Ans: (C)Either A or B
15. Copies of all sanctions or orders other than the following types should be endorsed to the Audit Officers?
(A)Sanctions relating to grant to advances to Central Government employees
(B)Sanctions relating to appointment or promotion or transfer of Gazetted and non-Gazetted Officers
(C)Sanctions of contingent expenditure incurred under the powers of Head of Offices
(D)All the above
Ans: (D)All the above
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