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General Financial Rules 2017 Quiz | General Financial Rules 2017 Short Questions and Answers

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Free download in PDF General Financial Rules 2017 Short Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams. These short solved questions or quizzes are provided by Gkseries.
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41 The reports on losses, which the HoD cannot finally dispose of under the delegated powers, shall be submitted to
[A] the Finance Ministry
[B] the Parliament
[C] Chief Accounting Authority of the concerned Ministry/Department
[D] Financial Advisor of the concerned Ministry/Department
Answer: the Finance Ministry
42 Report of loss shall be made at
[A] two stages
[B] depending upon the nature of case.
[C] three stages
[D] Single stage
Answer: two stages

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43 Cases involving serious irregularities shall not be brought to the notice of
[A] the Accounts Office/Audit Officer Concerned
[B] the Controller General of Accounts, Ministry of Finance.
[C] Chief Accounting Authority of the Ministry or Department concerned
[D] Financial Adviser
Answer: the Accounts Office/Audit Officer Concerned
44 Petty losses are losses not exceeding (need not be reported) in terms of GFR 2017
[A] 10000/-
[B] 25000/-
[C] 5000/-
[D] 2000/-
Answer: 10000/-
45 Pick the incorrect one regarding losses need not be reported by the subordinate authority concerned to the next higher authority as well as to the Statutory Audit Officer and to the concerned Principal Accounts Officer
[A] when such loss has been made good by the party responsible for it.
[B] refunds allowed on the ground that the claims were time-barred.
[C] Cases involving losses of revenue due to under assessments which are due to interpretation of the law by the local authority being overruled by higher authority after the expiry of the time-limit prescribed under the law
[D] Cases involving losses of revenue due to mistakes in assessments which are discovered too late to permit a supplementary claim being made,
Answer: when such loss has been made good by the party responsible for it.
46 The remission of disallowances by Audit and writing off of overpayments made to Government servants by competent authorities shall be in accordance with the provisions of the
[A] Delegation of Financial Powers Rules
[B] GFR 2017
[C] GAR 1990
[D] R&P Rules 1983
Answer: Delegation of Financial Powers Rules
47 Pick the incorrect one regarding submission of any files categorized as ‘Secret’ or ‘Top Secret to Audit officer
[A] It should not be submitted to Audit without prior concurrence of Government.
[B] It should be submitted as usual.
[C] It should be submitted to Audit in the presence of HoD
[D] It should personally be given to the Head of the Audit Office specifying this fact, who will then deal with it in accordance with the standing instructions for handling and custody of such classified documents.
Answer: It should personally be given to the Head of the Audit Office specifying this fact, who will then deal with it in accordance with the standing instructions for handling and custody of such classified documents.
48 Pick the incorrect one
[A] in respect of an addition to a permanent establishment, made from year to year under a general scheme by a competent authority, or in respect of an allowance sanctioned for a post or for a class of Government servants, but not drawn by the officer(s) concerned shall lapse.
[B] in the case of purchase of stores, a sanction shall not lapse, if tenders have been accepted (in the case of local or direct purchase of stores) or the indent has been placed (in the case of Central Purchases) on the Central Purchase Organization within the period of one year of the date of issue of that sanction, even if the actual payment in whole or in part has not been made during the said period.
[C] when there is a specific provision in a sanction that the expenditure would be met from the Budget provision of a specified financial year, it shall lapse at the close of that financial year; or
[D] when the period of currency of the sanction is prescribed in the departmental regulations or is specified in the sanction itself, it shall lapse on the expiry of such periods; or
Answer: in respect of an addition to a permanent establishment, made from year to year under a general scheme by a competent authority, or in respect of an allowance sanctioned for a post or for a class of Government servants, but not drawn by the officer(s) concerned shall lapse.

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