MCQ Finance Code Chapter 3 & 4 Railway Budget, Appropriation Accounts
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The following factors keep in mind before resorting to distribution of Grant/Allotment over the full year i.e., Proportionate Budget Allotment. Which One is incorrect ?

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5 points

Preparation of the Revised and Budget Estimates should commence at the _________________ as the case may be.  The entire responsibility for framing the estimates devolves upon the spending/earning authorities concerned, though the actual work of compilation and scrutiny would rest with the Financial Adviser and Chief Accounts Officer who would also draw the attention of the General Manager to matters of purely financial import. 


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5 points

Article 112(1) of tThe President shall in respect of every financial year cause to be laid before Parliament a statement of the estimated receipts and expenditure of the Government of India for  that year’ referred to as ____ and popularly called as _____ 

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5 points

Under the ____________ any unspent balance shall lapse and shall not be available for utilization in the following year. 


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5 points

At present, the total number of Budgetary Reviews are ? 

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5 points

The merger of Railway Budget with General Budget  from the year ______ 

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5 points

Accounts Department (PFA) responsibility towards Budget is _______ 

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5 points

Budget is a ________________ and _______________ document as per Indian Railway Finance Code Volume One (Chapter 3) 

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5 points

When orders are issued by the Railway Board authorising the Railway administrations to incur expenditure to a certain extent over and above the allotment sanctioned for them, they should be taken as _____________ as distinct from “Budget Order”

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5 points

_________ relate to expenditure already incurred, for reasons to be fully explained, in excess of the money voted by Parliament to meet the expenditure during a year . 

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Unforeseen expenditure which cannot be met by reappropriation from the existing grant and expenditure on a _____________ not contemplated in the budget, shall be met from out of the balance in the Contingency Fund of India placed at the disposal of the ____________________.

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5 points

Which is not correct in respect of Appropriation Accounts ?

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5 points

Budget is  ________________ (as per 4th chapter of IR Finance Code volume I )

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5 points

Misclassification of Revenue to Capital or vice versa is dealt with at ________ and unresolved become part of ________

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5 points

Explanation for variations in Revenue Grant ( Excess or Savings) irrespective of percentage in Appropriation Accounts should be furnished for __________

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5 points
Annexure J of Appropriation Accounts reflects Statement of ___________
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5 points

 Appropriation Accounts are shown in Rs. in_________ and Annexures in Appropriation Accounts are shown in Rs.in _________

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5 points

Appropriation Accounts are signed by _____________ at Zonal level 

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5 points
In Appropriation Accounts letter ‘R’ stands for ?
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5 points
Gross Working Expenses consists of _______________ *
5 points
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