Hi friends, here is the FHB Volume I Questions for IPO Exam. Financial Hand Book Volume I is a very Important topic for Inspector Posts Exam (IPO EXAM) and Postal Service Group B Exam (PS Gr.B Exam). To make the preparations for the exams, here we present you the Multiple Choice Questions (MCQ) Quiz on the topic with most relevant questions.
Attempt these very Important MCQ for P&T Financial Handbook Volume I and share your feedback.
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Check Full MCQ Questions on FHB Volume 1
FHB Volume I Questions for IPO Exam
1. Who are ordinarily responsible to see that collection of the dues of the Department are regularly collected and brought to account?
(A)Director General
(B)Audit officers
(C)Departmental Officers
(D)None of the above
Correct answer
(C)Departmental Officers
2. Responsibility for incurring unsanctioned charges not complying with FHB Rules rests with
(A)Head of the office
(B)Accounts Officer
(C)Drawing officer
(D)Disbursing officer
Correct answer
(C)Drawing officer
3. Who among the following has no authority to make payment on a bill or voucher not presented in the proper form?
(A)Drawing Officer
(B)Disbursing Officer
(C)Head of the Office
(D)None of the above
Correct answer
(B)Disbursing Officer
4. When the bills presented for payment contains obvious inaccuracies or arithmetical mistakes, which can be corrected, then the Disbursing Officer?
(A)Should return the bill to the drawer of the bill
(B)Need not return the bill, may correct them and pay the corrected amount of the bill
(C)Report the matter to Divisional head
(D)Report the matter to Drawing Officer and return the bill
Correct answer
(B)Need not return the bill, may correct them and pay the corrected amount of the bill
5. In Case of bills containing any doubtful items
(A)Should be returned
(B)Eliminate the doubtful items and pay the remainder of the bill
(C)May be fully paid
None of these
Correct answer
(B)Eliminate the doubtful items and pay the remainder of the bill
6. Cheques preferred at a treasury for payment can be endorsed …………… to whom money is to be paid.
(A)Only once
(B)Twice
(C)Thrice
(D)Unlimited times
Correct answer
(A)Only once
7. How many endorsement is permitted in a contingent bill which has been endorsed in favour of a firm suppliers?
(A)One
(B)Two
(C)Three
(D)Unlimited times
Correct answer
(C)Three
8. Who among the following will supply a copy of specimen signature of all Gazetted officers serving under him and authorized to sign payment order on bills and vouchers among the disbursing officers?
(A)Head of the office
(B)Head of the Department
(C)Accounts officer
(D)None of the above
Correct answer
(C)Accounts officer
9. Who is authorized to issue GPF final payment authority?
(A)Divisional Head
(B)Postmaster General
(C)Postal Circle Accounts Offices
(D)None of these
Correct answer
(C)Postal Circle Accounts Offices
10. As per Rule 21 on FHB Vol.I, no person shall be made on account of pay or allowances drawn for the first time from a Disbursing Officer by a Government servant other than a person newly appointed to Government service unless the claim is supported by a _ in the prescribed form?
(A)Last Pay Certificate
(B)Last Pay Slip
(C)Service Book
(D)Personal File
Correct answer
(A)Last Pay Certificate
11. Unless otherwise provided in the rules, no payment may be made without the orders of the _ to a Government servant transferred from another Department or on return from leave out of India?
(A)Accounts Officer
(B)Drawing Officer
(C)Head of the Department
(D)Head of the office
Correct answer
(A)Accounts Officer
12. No claims not preferred within _ ___years of their becoming due can be presented without any authority from the Circle Accounts Officer, provided that such claims not exceeding Rs. ____ if presented within three years of their becoming due may be paid without pre-check by the Circle Accounts Officer?
(A)Three years and Rs.1000/-
(B)Two years and Rs.500/-
(C)One years and Rs.2000/-
(D)Five years and Rs.10,000/-
Correct answer
(B)Two years and Rs.500/-
13. No authority from the Circle Accounts Officer is necessary in the case of delayed payment of works charges and bills of air carriers.
(A)True
(B)False
(C)Cannot be determined
(D)Doubtful
Correct answer
(A)True
14. The bills for claims more than _____years old shall be subjected to pre-check by the Circle Accounts Officer as required under rules, even if the net
(A)two years
(B)three years
(C)five years
(D)ten years
Correct answer
(A)two years
15. Right for TA including DA to a Government servant in forfeited if the claims are not submitted within __ year(s) to the Head of the office?
(A)One
(B)Two
(C)Three
(D)Five
Correct answer
(A)One
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