Hi friends, here is the MCQ Quiz on GFR 2017 (General Financial Rules 2017). Here we have covered Multiple Choice Questions (MCQ) from Chapter 2 of GFR 2017. General Financial Rules 2017 is an important topic for various exams under the Central Government. Thus this questions will be useful for those preparing for various examinations like Inspector Posts Exam (IPO Exam) and Postal Service Group B Exam (PS Gr.B Exam).
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MCQ Quiz on GFR 2017 (General Financial Rules 2017)
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1. Under which article of the Constitution all moneys received by or deposited with any officer employed in connection with the affairs of the Union in his capacity as such, other than revenues or public moneys raised or received by Government, shall be paid into the Public Account?
(A)Article 323-A
(B)Article 121
(C)Article 256-A
(D)Article 284
Ans: (D)Article 284
2. Which Rule of GFR 2017 contains “Delegation of Financial Powers”?
(A)Rule 17
(B)Rule 21
(C)Rule 23
(D)Rule 44
Ans: (C)Rule 23
3. General System of Financial Management is discussed in which chapter of GFR 2017?
(A)Chapter 2
(B)Chapter 3
(C)Chapter 4
(D)Chapter 5
Ans: (A)Chapter 2
4. As per which Rule of GFR 2017, all moneys received by or on behalf of the Government either as dues of Government or for deposit, remittance or otherwise, shall be brought into Government Account without delay?
(A)Rule 13
(B)Rule 7
(C)Rule 21
(D)Rule 54
Ans: (B)Rule 7
5. As per GFR 2017, the financial powers of the Government, which have not been delegated to a subordinate authority, shall vest in?
(A)Parliament
(B)President of India
(C)Reserve Bank of India
(D)Finance Ministry
Ans: (D)Finance Ministry
6. When the maintenance of any rentable building is entrusted to a civil department, other than the Central Public Works Department, who among the following shall be responsible for the due recovery of the rent thereof?
(A) Head of the office concerned
(B)Head of the Department concerned
(C)Accounts Officer at the Ministry
(D)Drawing and Disbursing Authority concerned
Ans: (B)Head of the Department concerned
7. Who among the following is responsible to watch the realization of miscellaneous demands of Government, not falling under the ordinary revenue administration, such as contributions from State Governments, Local Funds, contractors and others towards establishment charges?
(A)Accounts Officers
(B)Head of the Department
(C)Secretary in charge of Accounts Wing
(D)None of the above
Ans: (A)Accounts Officers
8. Under Rule 19 of GFR 2017, which Central Government Department is exempted from submitting on the 1st of June to the Audit Officer and the Accounts Officer concerned, statements showing the remissions of revenue and abandonment of claims to revenue sanctioned during the preceding year by competent authorities?
(A)Department of Expenditure
(B)Department of Telecom
(C)Department of Posts
(D)Department of Agriculture
Ans: (C)Department of Posts
9. Which among the following is/are correct as contained in Chapter 2 of GFR 2017? 1. Amounts due to Government shall not be left outstanding without sufficient reasons 2. Where such amounts appear to be irrecoverable, the orders of the competent authority shall be obtained for their adjustment 3. Unless specially authorized by any rule or order made by competent authority, no sums shall be credited as revenue by debit to a suspense head.
(A)1 only
(B)2 only
(C)1 and 3 only
(D)1, 2 and 3
Ans: (D)1, 2 and 3
10. Standards of financial propriety is mentioned in which Rule of GFR 2017?
(A)Rule 13
(B)Rule 17
(C)Rule 21
(D)Rule 20
Ans: (C)Rule 21
11. Expenditure from public moneys should not be incurred for the benefit of a particular person or a section of the people, unless?
(A)a claim for the amount could be enforced in a Court of Law
(B)the expenditure is in pursuance of a recognized policy or custom
(C)Both A or B
(D)None of the above
Ans: (C)Both A or B
12. Which among the following is not included in the Standards of financial propriety as contained in GFR 2017?
(A)Every officer is expected to exercise the same vigilance in respect of expenditure incurred from public moneys as a person of ordinary prudence would exercise in respect of expenditure of his own money.
(B)The expenditure should not be prima facie more than the occasion demands
(C)Expenditure should never exceed the Budget allocation under any circumstances
(D)No authority should exercise its powers of sanctioning expenditure to pass an order which will be directly or indirectly to its own advantage
Ans: (C)Expenditure should never exceed the Budget allocation under any circumstances
13. Administrator or a Head of a Department responsible for the collection of revenue shall keep who among the following informed of all important variations in revenue collections as compared with the Budget Estimates?
(A)President of India
(B)Parliament
(C)Reserve Bank of India
(D)Finance Ministry
Ans: (D)Finance Ministry
14. As per Rule 9 of GFR 2017, it is the duty of the Department of the Central Government concerned to ensure that the receipts and dues of the Government are correctly and promptly assessed, collected and duly credited to the?
(A)Consolidated Fund
(B)Public Account
(C)Either A or B
(D)None of these
Ans: (C)Either A or B
15. Which among the following is/are the duties and responsibilities of a controlling officer in respect of funds placed at his disposal?
(A)that the expenditure does not exceed the budget allocation
(B)that the expenditure is incurred for the purpose for which funds have been provided
(C)that the expenditure is incurred in public interest
(D)All the above
Ans: (D)All the above
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