Hi friends, here is the Objective Quiz on General Financial Rules 2017 – GFR [Set 6]. In the previous five sets, we have discussed around 80 questions from General Financial Rules 2017. Today we will be discussing another set of 10 Important questions and we will be finishing Chapter 6 also. Those preparing for Inspector Posts Exam (IPO Exam) and Postal Service Group ‘B’ Exam will find these questions very useful.
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Objective Quiz on General Financial Rules 2017 – GFR
1. Negotiation with bidders after bid opening must be severely discouraged. However, in exceptional circumstances where price negotiation against an ad-hoc procurement is necessary due to some unavoidable circumstances, the same may be resorted to only with?
the lowest evaluated responsive bidder
the highest evaluated responsive bidder
the bidder recommended by the tender opening committee
the bidder with best technical parameters
Correct answer
the lowest evaluated responsive bidder
2. Rejection of all Bids is justified when?
effective competition is lacking
all Bids and Proposals are not substantially responsive to the requirements of the Procurement Documents
none of the technical Proposals meets the minimum technical qualifying score
All the above
Correct answer
All the above
3. When a limited or open tender results in only one effective offer, it shall be treated as a?
limited tender contract
open tender contract
single tender contract
In case a purchase Committee is
Correct answer
single tender contract
4. In case a purchase Committee is constituted to purchase or recommend the procurement, no member of the purchase Committee should be reporting directly to any other member of such Committee in case estimated value of procurement exceeds?
Rs.5 lakhs
Rs.10 lakhs
Rs.25 lakhs
Rs.50 lakhs
Correct answer
Rs.25 lakhs
5. “Code of Integrity” is mentioned in which Rule of GFR 2017?
Rule 175 (1)
Rule 144(4)
Rule 75
Rule 211
Correct answer
Rule 175 (1)
6. Under buy back offer, when it is decided with the approval of the competent authority to replace an existing old item(s) with a new and better version, the department may trade the existing old item while purchasing the new one. This is mentioned under which Rule of GFR 2017?
Rule 176
Rule 211
Rule 243
Rule 123
Correct answer
Rule 176
7. If the estimated cost of the consulting services is above Rs.__ lakhs, an enquiry for seeking ‘Expression of Interest ’ from consultants should be published on Central Public Procurement Portal(CPPP)?
Rs.5 lakhs
Rs.10 lakhs
Rs.25 lakhs
Rs.50 lakhs
Correct answer
Rs.25 lakhs
8. RFP is the document to be used by the Ministry/ Department for obtaining offers from the consultants for the required service. Expand RFP?
Registered Firm Principal
Request for Proposal
Register for Proposal
Registered for Proposal
Correct answer
Request for Proposal
9. Quality and Cost Based Selection(QCBS) may be used for Procurement of consultancy services where?
quality of consultancy is of prime concern
service of consultancy is of prime concern
credibility of consultancy is of prime concern
experience of consultancy is of prime concern
Correct answer
quality of consultancy is of prime concern
10. In selecting consultancy services, weightage of the technical parameters i.e. non- financial parameters in no case should exceed _ percent?
90%
75%
50%
80%
Correct answer
80%
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