Hi friends, here is the Online Test on General Financial Rules (GFR) 2017. In the previous 03 sets, we have discussed some Important questions from General Financial Rules 2017. In this post, we will be discussing more questions from the topic which are seen to be repeatedly asked in various exams. GFR 2017 is a very Important topic in the limited Departmental Exams under various Central Government Departments. Those preparing for Inspector Posts Exam (IPO Exam) and Postal Service Group B Exam (PS Gr.B Exam) will find these questions very useful.
Attempt the questions and share your feedback.
Join our Telegram Channel for Postal Exam Updates
Online Test on General Financial Rules (GFR) 2017
1. What is the maximum period of debarment of a bidder under Section 151(i) of GFR 2017?
Three years
Two years
Five years
Four Years
Correct answer
Three years
2. Who will ensure the publicity of items through GeM for perspective suppliers?
GeM SPV
Director of Stores and Stationaries
Central Purchase Organization
Ministry of Information and Broadcasting
Correct answer
GeM SPV
3. A procuring entity may debar a bidder or any of its successors, from participating in any procurement process undertaken by it, for a period not exceeding _______ years, if it determines that the bidder has breached the code of integrity?
three years
two years
one years
five year
Correct answer
two years
4. Enlistment of Indian Agents is mentioned in which Rule of GFR 2017?
Rule 123
Rule 176
Rule 152
Rule 199
Correct answer
Rule 152
5. As per Rule 154 of GFR 2017, Purchase of goods upto the value of Rs._ only on each occasion may be made without inviting quotations or bids on the basis of a certificate to be recorded by the competent authority?
Rs.1 Lakhs
Rs.50,000/-
Rs.25,000/-
Rs.10,000/-
Correct answer
Rs.25,000/-
6. Purchase of goods costing above Rs. 25,000 and upto Rs_____ on each occasion may be made on the recommendations of a duly constituted Local Purchase Committee consisting of three members of an appropriate level as decided by the Head of the Department?
Rs.5 Lakhs
Rs.2 Lakhs
Rs.1 Lakh
Rs.2.5 Lakhs
Correct answer
Rs.2.5 Lakhs
7. Which Rule of GFR states that “demand for goods should not be divided into small quantities to make piecemeal purchases to avoid the necessity of obtaining the sanction of higher authority required with reference to the estimated value of the total demand.”?
GFR 21
GFR 43
GFR 157
GFR 234
Correct answer
GFR 157
8. Advertised Tender Enquiry shall be resorted for procurement of goods of estimated value of?
Rs.5 lakh and above
Rs.10 lakh and above
Rs.25 lakh and above
Rs.2.5 lakh and above
Correct answer
Rs.25 lakh and above
9. Under Advertised Tender Enquiry, what is the minimum time to be allowed for submission of bids from the date of publication of the tender notice or availability of the bidding document for sale, whichever is later?
Three weeks
Six weeks
Four Weeks
Two weeks
Correct answer
Three weeks
10. Where the Department also contemplates obtaining bids from abroad under Advertised Tender Enquiry, the minimum time to be allowed for submission of bids should be?
Three Weeks
Two weeks
four weeks
Six weeks
Correct answer
four weeks
11. Limited Tender Enquiry is resorted to when estimated value of the goods to be procured is up to?
Rs.10 Lakhs
Rs.25 lakhs
Rs.50 Lakhs
Rs.1 crore
Correct answer
Rs.25 lakhs
12. The number of supplier firms in Limited Tender Enquiry should be more than?
One
Two
Three
Five
Correct answer
Three
13. Under which among the following condition(s), purchase through Limited Tender Enquiry may be adopted even where the estimated value of the procurement is more than Rupees twenty-five Lakhs?
The competent authority in the Ministry or Department certifies that the demand is urgent and any additional expenditure involved by not procuring through advertised tender enquiry is justified in view of urgenc y
There are sufficient reasons, to be recorded in writing by the competent authority, indicating that it will not be in public interest to procure the goods through advertised tender enquiry
The sources of supply are definitely known and possibility of fresh source(s) beyond those being tapped is remote
All the above
Correct answer
All the above
14. Two bid system (simultaneous receipt of separate technical and financial bids) are resorted to for procuring?
Value of goods exceeds Rs.1 crore
high value plant, machinery etc. of a complex and technical nature
vehicles including cars, buses etc.
goods involving foreign suppliers
Correct answer
high value plant, machinery etc. of a complex and technical nature
15. In a Two bid system, which bids are to be opened by the purchasing Ministry or Department at the first instance and evaluated by a competent committee or authority?
Financial bids
Technical bids
Either A or B
None of these
Correct answer
Technical bids
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
very very good