Hi friends, here is the Objective Questions: Manual for Procurement of Goods. In the fist wet, we have discussed 15 Questions. In this post we will be discussing another set of 15 Important MCQ Questions on Manual for Procurement of Goods 2017. These questions will be very useful for Inspector Posts Exam (IPO Exam) and Postal Service Group B Exam (PS Gr.B Exam).
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Objective Questions: Manual for Procurement of Goods
1. Which among the following law is exclusively governing public procurement?
(A)Arbitration and Conciliation Act, 1996
(B)Competition Act, 2002
(C)Information Technology Act, 2000
(D)There is no law exclusively governing public procurement
Correct answer
(D)There is no law exclusively governing public procurement
2. Which among the following is not one among the Five R’s of Procurement as defined in manual for procurement of Goods? i. Right Quality ii. Right Quantity iii. Right Price iv. Right Time and Place v. Right Source vi. Right Goods
(A)iv only
(B)vi only
(C)iii only
(D)ii only
Correct answer
(B)vi only
3. There are how many fundamental principles of public procurement as defined in Manual for Procurement of Goods 2017?
(A)Three
(B)Ten
(C)Five
(D)Seven
Correct answer
(C)Five
4. Which among the following are the fundamental principles of public procurement? i. Transparency Principle ii. Professionalism Principle iii. Broader Obligations Principle iv. Extended Legal Responsibilities Principle v. Public Accountability Principle
(A)All the above
(B)i, ii and iii only
(C)iv and v only
(D)None of these
Correct answer
(A)All the above
5. Standards (Canons) of Financial Propriety is contained in which Rule of General Financial Rules, 2017?
(A)Rule 144
(B)Rule 21
(C)Rule 5
(D)Rule 52
Correct answer
(B)Rule 21
6. Which among the following is NOT a part of Public Procurement Cycle? i. Need Assessment ii. Bid Invitation iii. Bid Evaluation iv. Contract Execution v. Disposal of Scrap
(A)v only
(B)i only
(C)iv only
(D)None of the above
Correct answer
(D)None of the above
7. Under Holiday listing (Temporary debarment or suspension), in less serious cases, a supplier (including their related entities) may be temporary debarred from the Procuring Entity’s procurements for short periods up to _ months, without the firm’s name being removed from the list of registered vendors?
(A)3 months
(B)2 months
(C)6 months
(D)12 months
Correct answer
(D)12 months
8. For serious transgression of CIPP, a delinquent supplier (including their related entities) may be banned/debarred from participation in a procurement process of any Procuring Entity for a period not exceeding __ years commencing from the date of debarment?
(A)ten years
(B)five years
(C)three years
(D)two years
Correct answer
(C)three years
9. Which among the following fall under Open Tender in public procurement?
(A)Global Tender Enquiry
(B)Limited Tender Enquiry
(C)Special Limited Tender Enquiry
(D)All the above
Correct answer
(A)Global Tender Enquiry
10. Limited Tender Enquiry is resorted when value of goods to be procured is up to?
(A)Rs.5 Lakhs
(B)Rs.10 Lakhs
(C)Rs.25 Lakhs
(D)Rs.50 Lakhs
Correct answer
(C)Rs.25 Lakhs
11. Open Tender Enquiry procedures through e-Procurement or through traditional tendering should be adopted under which among the following situations?
(A)Procurements exceeding the threshold of Rs. 25 lakh
(B)For requirements that are ordinarily available in the open market but it is necessary to evaluate competitive offers to decide the most suitable and economical option available
(C)All common use requirements with clear technical specifications
(D)All the above
Correct answer
(D)All the above
12. Under Open Tender Enquiry, the due date fixed for opening of the tender shall be minimum _____days from the date of advertisement?
(A)30 days
(B)21 days
(C)45 days
(D)7 days
Correct answer
(B)21 days
13. Under Global Tender Enquiry, provision for payment in Foreign Currencies is made through?
(A)International Money Transfer
(B)Cheque
(B)Letter of Credit
(D)Any of the above
Correct answer
(B)Letter of Credit
14. Global Tender Enquiry (GTE) is resorted in which among the following situation?
(A)Where Goods of required specifications/quality are not available within the country and alternatives available in the country are not suitable for the purpose
(B)Non-existence of a local branch of the global principal of the manufacturer/vendors/ contractors
(C)Requirement for compliance to specific international standards in technical specifications
(D)All the above
Correct answer
(D)All the above
15. Which among the following is a restricted competition procurement, where a preselected list of vendors is directly approached for bidding?
(A)Limited Tender Enquiry
(B)Global Tender Enquiry
(C)Open Tender Enquiry
(D)Single Tender Enquiry
Correct answer
(A)Limited Tender Enquiry
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