Hi friends, here is the MCQ Quiz: Financial Powers Head of Postal Division. Schedule of Financial Powers of Divisional Head and Head of Circles are Part of syllabus of Inspector Posts Exam (IPO Exam) and Postal Service Group B Exam (PS Gr.B Exam). Many of the candidates face it difficult to attempt questions from this topic. To make your preparation easy and interesting we bring you the MCQ Quiz series on Schedule of Financial Powers.
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MCQ Quiz: Financial Powers Head of Postal Division
1. What is the financial power of Head of Postal Division for petty works/special repairs/ maintenance expenses in rented building?
Up to Rs.2,500/- only per rented building per annum in each case
Up to Rs.2,500/- per annum for all the rented buildings in the Division taken together
No financial powers delegated to the Head of the Postal Division
Up to Rs.2,500/- only per rented building per month in each case
Correct answer
Up to Rs.2,500/- only per rented building per annum in each case
2. What are the conditions prescribed for sanction of petty works/special repairs/maintenance expenses in rented building in respect of a Divisional Head?
Such expenditure may be incurred only if the landlord refuses to meet the expenditure
The expenditure should be deducted from the rent payable to landlord and other conditions stipulated in Rule 391 of FHB Vol I should be fulfilled.
Both i and ii are correct
None of the above are correct
Correct answer
Both i and ii are correct
3. What is the financial power of the Head of a Division to sanction expenditure on carriage of mails by modes other than rail and air transport?
Up to Rs.500/- per month in each case
Up to Rs.1,000/- per month in each case
Up to Rs.5,000/- per month in each case
Up to Rs.10,000/- per month in each case
Correct answer
Up to Rs.1,000/- per month in each case
4. A Divisional Head can sanction temporary arrangements for conveyance of mails without calling tenders up to?
Rs.5,000/- in each case for a period of three months only
Rs.10,000/- in each case for a period of six months only
Rs.2,000/- in each case for a period of two months only
Rs.7,500/- in each case for a period of nine months only
Correct answer
Rs.5,000/- in each case for a period of three months only
5. What is the financial power for payment for provision of escorts for carriage of cash in case of a Divisional Head?
No such financial power delegated to the Divisional Head
Full Powers in respect of escorts from State Police Force
Rs.50,000 per month in respect of escorts from State Police Force
Rs.10,000 in each case in respect of escorts from State Police Force
Correct answer
Full Powers in respect of escorts from State Police Force
6. What is the power of write off value of spoiled/ damaged postage/ recruitment fee stamps in case of Head of a Postal Division?
Up to Rs.1000/- in each case and no maximum limit
Up to Rs.1000/- in each case, not exceeding Rs.50,000/- per annum
Up to Rs.5000/- in each case, not exceeding Rs.50,000/- per annum
Up to Rs. 1000/- in each case, not exceeding Rs.1 lakh per annum
Correct answer
Up to Rs.1000/- in each case, not exceeding Rs.50,000/- per annum
7. A Divisional Head may write off articles of dead stock, used up equipment in all cases where original price of stock was not more than Rs.1,000/- subject to an overall limit of?
Rs.10,000/- per annum
Rs.25,000/- per annum
Rs.50,000/- per annum
Rs.1 lakh per annum
Correct answer
Rs.50,000/- per annum
8. For which among the following, a Postal Divisional Head has “Full Powers”?
Refund of postage on articles which have been maliciously sent unpaid for the purpose of annoying the addressee
Refund of coins, currency notes, unused loose postage stamps, unused postcards, empty unused embossed envelopes or stamp booklets found in the letter boxes or at post office counters and credited in the accounts of the office
Refund of amounts over paid by or short paid to a member of the public and found excess in the accounts of an office
All the above
Correct answer
All the above
9. Comment on the financial power of a Head of Postal Division for Refund of earnest money received from tenderers with their tenders in respect of contracts?
Rs.5,000 in respect of tenders within the competency of divisional head
Full Powers in respect of tenders within the competency of divisional head
No financial power delegated to divisional head
None of the above
Correct answer
Full Powers in respect of tenders within the competency of divisional head
10. Select the financial power of Head of Postal Division – Refund of air surcharge or the difference between the airmail fee-cum-postage, in case of surcharged air mail articles which are subjected to delay beyond the time ordinarily taken for the delivery there of consequent on such articles being sent by the surface route due to fault of service?
Full Powers
Up to Rs. 1000/- in each case
Up to Rs.5,000/- in each case for a period of three months only
None of the above
Correct answer
Full Powers
11. Financial power of Head of a Postal Division for Printing of rate charts, mailers, brochures and other material required for publicizing the products, services and initiatives of the Department – and distribution to post offices, marketing executives and customers?
Full powers
Up to Rs.5,000/-per annum for all activities taken together
Up to Rs.10,000/-per annum for all activities taken together
Up to Rs.10,000/-per annum per occassion
Correct answer
Up to Rs.10,000/-per annum for all activities taken together
12. Which among the following is/are correct with regard to Financial power of Head of Division for Holding of customer meets: preparation folders, hiring/transport of equipment/staff, tea/coffee/other soft drinks & snacks, and other activities necessary for conducting customer meets? i. Up to Rs.5,000/- for each meet with a ceiling of Rs.1,000/- on hiring ii. Rs.100/- per head on tea, snacks etc. iii. Rs.50/- per head on stationery and ancillaries
Only i is correct
Only ii and iii are correct
Only i and iii are correct
All the above are correct
Correct answer
All the above are correct
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Very good selection of questions
Thanks
Ok