Hi friends, here is the MCQ on Manual on policies and procedures for purchase of goods and services. There has been a lot of request from our followers to post MCQ on this topic. So today we bring you the much awaited MCQ Quiz on “Manual on policies and procedures for purchase of goods and services available on website of Ministry of Finance”. This is a very Important syllabus for the Inspector Posts Exam 2021 [IPO Exam] and Postal Service Group B Exam (PS Gr.B Exam).
In the Inspector Posts Exam 2019 more than 20 questions have been asked from this topic. This shows the importance of this topic for those preparing for the above exams. Attempt the questions and share your feedback.
MCQ on Manual on policies and procedures for purchase of goods and services
Join our Telegram Channel for Similar MCQs
Check Full MCQ on Manual on Purchase of Goods and Services
1. What is the full form of EMD under procurement?
(A)Earnest Money Deposit
(B)Eligible Money Deposited
(C)Earnest Money Drawal
(D)Early Money Drawal
Ans: (A)Earnest Money Deposit
2. The Ministries /Departments have been delegated powers to make their own arrangements for procurement of goods under?
(A)Schedule of Administrative Powers
(B)Delegation of Financial Power Rules
(C)General Financial Rules, 2017
(D)Manual on policies and procedures for purchase of goods and services
Ans: (B)Delegation of Financial Power Rules
3. Which among the following should be incorporated in the tender enquiry in clear terms?
(A)deadline for submission of tenders; date, time & place of public opening of tenders
(B)requirement of earnest money and performance security
(C)parameters for determining responsiveness of tenders
(D)All the above
Ans: (D)All the above
4. The term ‘goods’ used in Manual on purchase of goods and services does not include?
(A)livestock
(B)furniture
(C)industrial plant
(D)books, publications, periodicals, etc. for a library
Ans: (D)books, publications, periodicals, etc. for a library
5. As per Article 299 of the Constitution, All contracts made in the exercise of the executive power of the Union or of a State shall be expressed to be made by?
(A)The Parliament
(B)The Prime Minister
(C)Central Vigilance Commissioner
(D)The President
Ans:(D)The President
6. Which among the following is/are the major legislations governing contracts of sale/ purchase of goods in general?
(A)Indian Contract Act, 1872
(B)Sale of Goods Act, 1930
(C)Both A and B
(D)None of the above
Ans: (C)Both A and B
7. Monetary guarantee furnished by a tenderer along with its tender is called?
(A)Invitation for Bids
(B)Earnest Money Deposit
(C)Bid Security
(D)Either B or C
Ans: (D)Either B or C
8. ATI as used in tender documents have the meaning?
(A)Additional Tender Invited
(B)Advertised Tender Invited
(C)Advertised Tender Enquiry
(D)Advertised Timely Enquiry
Ans: (C)Advertised Tender Enquiry
9. Which among the following shall be the feature of a tender document?
(A)user-friendly
(B)relevant to the objective of the purchase
(C)self-contained
(D)All the above
Ans: (D)All the above
10. Fundamental principles of public buying is contained in which Rule of GFR 2017?
(A)Rule 137
(B)Rule 122
(C)Rule 144
(D)Rule 119
Ans: (C)Rule 144
11. An entity who seeks to supply goods by sending tender/bid is called?
(A)Tenderer
(B)Bidder
(C)Either A or B
(D)Quoter
Ans: (C)Either A or B
12. When acceptable offers are received against an ad-hoc requirement of unreserved goods from various categories of suppliers, including Large Scale Sector, Public Sector Undertakings and Small Scale Sector, who will get price preference upto 15% over the others?
(A)Large Scale Sector
(B)Public Sector Undertakings
(C)Small Scale Sector
(D)None of the above
Ans:(C)Small Scale Sector
13. Legal framework governing public procurement is mentioned in which Article of the constitution?
(A)Article 311
(B)Article 299
(C)Article 310
(D)Article 144
Ans: (B)Article 299
14. Monetary guarantee furnished by the successful tenderer for due performance of the contract concluded with it is called?
(A)Earnest Money Deposit/ Bid Security
(B)Security Deposit/ Performance Security
(C)Pre Payment Deposit
(D)None of the above
Ans: (B)Security Deposit/ Performance Security
15. Negotiations with the tenderers must be severely discouraged. In exceptional circumstances, where price negotiations are considered unavoidable, the same may be resorted to, but only with?
(A)lowest evaluated responsive tenderer
(B)responsive tenderer having high quality
(C)highest evaluated responsive tenderer
(D)any responsive tenderer which the tender opening committee deems fit
Ans: (A)lowest evaluated responsive tenderer
Other Useful MCQ Questions
- MCQ Questions on CCS (CCA) Rules 1965
- MCQ Questions on CCS (Leave) Rules, 1972
- MCQ Questions on CCS (LTC) Rules
- MCQ Question on CCS (Medical Attendance) Rules 1944
- MCQ Questions on CCS (Pension) Rules
- MCQ Questions on Children Education Allowance (CEA)
- MCQ on Consumer Protection Act 2019
- MCQ on APAR Maintenance
- RTI Act 2005 MCQ
- Sexual Harassment Prevention Act MCQ