MCQ Quiz on FHB Volume I [Set 1]

Hi friends, here is the MCQ Quiz on FHB Volume I. Financial Handbook Volume I and Volume II are equivalent to General Financial Rules with modifications applicable to the Department of Posts. This is a very important topic for all departmental examinations under the Department of Posts. This MCQ Questions will be useful for Inspector Posts Exam (IP Exam) and Postal Services Group B Exam (PS Gr.B Exam).

Attempt these very Important MCQ for P&T Financial Handbook Volume I and share your feedback. Those preparing for GDS/MTS to Postman Exam, GDS/MTS/Postman to PA Exam and GDS to MTS Exam find these questions useful.

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Created on September 20, 2021

FHB Volume I MCQ Quiz No.1

Attempt Questions related to Financial Hand Book Volume I and check your score!!

1 / 15

The used ACG-67 receipt books shall be kept in the personal custody of Head of the office for a period of ____ years from the date of the last receipt issued from the book?

two years

three years

five years

ten years

2 / 15

In the case of Post Offices, cash receipts may be used by ______, under departmental regulations, for departmental purposes, only the surplus collections being remitted to the treasury?

Head of the Division

Sub Divisional Head

Postmasters

All the above

3 / 15

As defined under Rule 2(h) of FHB Volume I, Head of a Department in Department of Posts include

Director General Postal Services

Chief Postmaster General

Postmaster General

All the above

4 / 15

Government as defined under Financial Handbook Volume I means

Central Government

State Government

Both A and B

None of these

5 / 15

Where money is received on behalf of the Government, the head of an office must give the prayer a receipt signed in duplicate in?

MS-37

App - 71

ACG - 67

ACG - 17

6 / 15

The receipts in form ACG-67 should be prepared in how many copies?

Only one

Duplicate

Triplicate

None of the above

7 / 15

In case of post offices, only the surplus collections:

To be retained in the office by the Postmaster

To be remitted to treasury

May be utilized for personal purposes

None of these

8 / 15

Posts and Telegraphs Department was bifurcated into two Departments in the year?

1963

1944

1985

2000

9 / 15

In the Head Post Office a register in which form is maintained for recording the number of ACG-67 receipt books?

ACG-17

ACG - 53

ACG -22

ACG - 55

10 / 15

Under which article of the constitution all moneys received by or deposited with any officer, employed in connection with any affairs of the Union in his capacity shall be paid into the Public Account?

Article 284

Article 144

Article 269(A)

Article 311

11 / 15

Which among the following is the account maintained of moneys which have passed into the custody of Government?

Government Account

Bank Account

Public Account

Private Account

12 / 15

As per FHB Volume I, Audit officer means?

An officer who is in independent charge of one of the P&T Audit

Director of Accounts (Postal) concerned

Deputy Director General (PAF), Postal Directorate

Drawing and Disbursing officer concerned

13 / 15

The receipts in form ACG-67. with duplicates will be issued in books of _____ forms which will be serially machine numbered?

25

50

75

100

14 / 15

All moneys received by or deposited with any officer, other than which among the following shall be paid into the Public Account?

Revenues

public money raised or received by Government

Both A and B

None of the above

15 / 15

Can Post offices use their cash receipts for making Departmental payments?

They can

They cannot

They can, provided such payments fall under salaries and wages

None of the above

Your score is

The average score is 80%

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MCQ Quiz on FHB Volume I

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Check Full MCQ Questions on FHB Volume 1

1. As per FHB Volume I, Audit officer means?
(A)An officer who is in independent charge of one of the P&T Audit
(B)Director of Accounts (Postal) concerned
(C)Deputy Director General (PAF), Postal Directorate
(D)Drawing and Disbursing officer concerned
Ans: (A)An officer who is in independent charge of one of the P&T Audit

2. Posts and Telegraphs Department was bifurcated into two Departments in the year?
(A)1963
(B)1944
(C)1985
(D)2000
Ans: (C)1985

3. Under which article of the constitution all moneys received by or deposited with any officer, employed in connection with any affairs of the Union in his capacity shall be paid into the Public Account?
(A)Article 284
(B)Article 144
(C)Article 269(A)
(D)Article 311
Ans: (A)Article 284

4. Government as defined under Financial Handbook Volume I means
(A)Central Government
(B)State Government
(C)Both A and B
(D)None of these
Ans: (A)Central Government

5. The receipts in form ACG-67. with duplicates will be issued in books of _ forms which will be serially machine numbered?
(A)25
(B)50
(C)75
(D)100
Ans: (D)100

6. The used ACG-67 receipt books shall be kept in the personal custody of Head of the office for a period of __ years from the date of the last receipt issued from the book?
(A)two years
(B)three years
(C)five years
(D)ten years
Ans: (C)five years

7. As defined under Rule 2(h) of FHB Volume I, Head of a Department in Department of Posts include
(A)Director General Postal Services
(B)Chief Postmaster General
(C)Postmaster General
(D)All the above
Ans: (D)All the above

8. The receipts in form ACG-67 should be prepared in how many copies?
(A)Only one
(B)Duplicate
(C)Triplicate
(D)None of the above
Ans: (B)Duplicate

9. In the case of Post Offices, cash receipts may be used by __, under departmental regulations, for departmental purposes, only the surplus collections being remitted to the treasury?
(A)Head of the Division
(B)Sub Divisional Head
(C)Postmasters
(D)All the above
Ans: (C)Postmasters

10. All moneys received by or deposited with any officer, other than which among the following shall be paid into the Public Account?
(A)Revenues
(B)public money raised or received by Government
(C)Both A and B
(D)None of the above
Ans: (C)Both A and B

11. Which among the following is the account maintained of moneys which have passed into the custody of Government?
(A)Government Account
(B)Bank Account
(C)Public Account
(D)Private Account
Ans: (C)Public Account

12. Where money is received on behalf of the Government, the head of an office must give the prayer a receipt signed in duplicate in?
(A)MS-37
(B)App – 71
(C)ACG – 67
(D)ACG – 17
Ans: (C)ACG – 67

13. In the Head Post Office a register in which form is maintained for recording the number of ACG-67 receipt books?
(A)ACG-17
(B)ACG – 53
(C)ACG -22
(D)ACG – 55
Ans: (B)ACG – 53

14. In case of post offices, only the surplus collections:
(A)To be retained in the office by the Postmaster
(B)To be remitted to treasury
(C)May be utilized for personal purposes
(D)None of these
Ans: (B)To be remitted to treasury

15. Can Post offices use their cash receipts for making Departmental payments?
(A)They can
(B)They cannot
(C)They can, provided such payments fall under salaries and wages
(D)None of the above
Ans: (A)They can

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