Hi friends, here is the General Financial Rules 2017 Online Quiz. In the previous two sets, we have discussed 30 MCQ Questions on GFR 2017. Today we will be discussing another set of 15 Questions on the topic. Those preparing for Inspector Posts Exam (IPO Exam) and Postal Service Group B Exam (PS Gr.B Exam) will find these questions very useful.
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General Financial Rules 2017 Online Quiz [Set 3]
1. As per which Rule of GFR, a subordinate authority shall not withhold any information, books or other documents required by the Audit Officer or Accounts Officer?
Rule 40
Rule 13
Rule 55
Rule 32
Correct answer
Rule 40
2. Which among the following files may be sent personally to the Head of the Audit Office?
‘Secret’ and ‘Top Secret’ Files
Confidential Files
Personal Files
All the above
Correct answer
All the above
3. Which Chapter of GFR deals with Procurement of Goods and Services?
Chapter 4
Chapter 2
Chapter 6
Chapter 9
Correct answer
Chapter 6
4. As per Rule 143 of GFR, which items will not come under the purview of definition of Goods?
Furniture, Fixtures and raw materials
Books, Publications, Periodicals
intangible products like software, Patents
vehicles, aircraft, ships
Correct answer
Books, Publications, Periodicals
5. “Fundamental principles of public buying” is mentioned in which rule of GFR?
Rule 21
Rule 23
Rule 144
Rule 142
Correct answer
Rule 144
6. Which Fundamental principle is essential for an authority delegated with the financial powers of procuring goods in public interest ?
responsibility and accountability
fair and equitable treatment of suppliers
promotion of competition in public procurement
All the above
Correct answer
All the above
7. While making a public procurement, the description of the subject matter should not contain which of the following?
technical specifications
A particular trade mark, trade name or brand
quantity of goods to be procured
A complete schedule of procurement cycle
Correct answer
A particular trade mark, trade name or brand
8. Consider the following with regard to GFR 2017 and comment: Statement 1 – An authority which is competent to incur expenditure may sanction the purchase of goods required for use in public service in accordance with provisions in the Delegation of Financial Powers Rules, Statement 2 – The Ministries or Departments have been delegated full powers to make their own arrangements for procurement of goods.
Statement 1 is only true
Statement 2 is only true
Both statements 1 and 2 are true
None of the above
Correct answer
Both statements 1 and 2 are true
9. Government e-Market place (GeM) is explained in which Rule of GFR 2017?
Rule 144
Rule 149
Rule 165
Rule 170
Correct answer
Rule 149
10. Which among the following is wrong with regard to utilization of GeM portal by the Government buyers for direct on-line purchases?
Up to Rs.50,000/- through any of the available suppliers on the GeM
Above Rs.50,000/- and up to Rs.30,00,000/- through the GeM Seller having lowest price amongst the available sellers
Above Rs.30,00,000/- through the supplier having lowest price meeting the requisite quality, specification and delivery period after mandatorily obtaining bids
All the above
Correct answer
All the above
11. You can find “OPEX” model or “CAPEX” in?
FR and SR
GFR
Indian Penal Code
Financial Hand Book Volume I
Correct answer
GFR
12. Ministries/Departments shall workout their procurement requirements as per their requirement/ suitability at the time of preparation of Budget Estimates (BE)and shall project their Annual Procurement Plan of goods and services on GeM portal within __ days of Budget approval?
90 days
60 days
30 days
10 days
Correct answer
30 days
13. The Government Buyers may ascertain the reasonableness of prices before placement of order using the BA tools available on GeM?
Business Assessment
Business Analytics
Business Analysis
Business Adjustment
Correct answer
Business Analytics
14. What is the validity period of registered suppliers in Government e-Marketplace?
1 to 5 years
3 to 5 years
1 to 3 years
2 to 5 years
Correct answer
1 to 3 years
15. A bidder shall be debarred if he has been convicted of an offence under?
under the Prevention of Corruption Act, 1988
the Indian Penal Code
any other law for the time being in force, for causing any loss of life or property or causing a threat to public health as part of execution of a public procurement contract
All the above
Correct answer
All the above
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Responses to this question are not relevant as they are amended in 2019 it self. Please check.
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Which among the following is wrong with regard to utilization of GeM portal by the Government buyers for direct on-line purchases?