General Finance Rules (GFR) & Advances: MCQs for IPO Exam & Gr B Exam is today’s topic. Indeed, General Finance Rules (GFR) is an important topic in the Gr B Syllabus and IPO syllabus as well. Further Advances to Govt servants like Personal Computer advance/TA advances is another important topic as many advances have been done away in the 7th pay commission.
What are General Finance Rules?
The General Financial Rules (GFRs) are a set of rules that deal with matters that involve public finances. They lay down the general rules applicable to Ministries / Departments, and detailed instructions relating to the procurement of goods are issued by the procuring departments broadly in conformity with the general rules.
There are several revisions in General Finance Rules like General Finance Rules 2005; the General Financial Rules 2017; General Finance Rules 2019. They were first issued in 1947 then revised in 1963, 2005, 2017, 2019 bringing together all the existing orders.
This topic of General Finance Rules needs to be read extensively as they are useful when you actually become a Gr B officer in the future. You need to adopt the General Financial Rules purchase procedure/procurement procedure when you become a Gr B Officer for all the procurements made for the Division under your control. So, you need to keep these important General Financial Rules in mind while making procurement.
MCQ on General Financial Rules 2017 will make you understand the broad concept of General Financial Rules.
General Finance Rules Quiz
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