General Finance Rules (GFR) & Advances: MCQs IPO Exam & Gr B Exam

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

Try this General Finance Rules 2017 Quiz right now:

Created on October 06, 2020

General Finance Rules

General Finance Rules Quiz

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1 / 110

In a two-bid system, how should the bids be evaluated?

A) The financial bid should be evaluated first and then the corresponding technical bid of the acceptable lowest bid should be opened

B) The technical bid should be opened in the first instance and evaluated. The financial bid of the acceptable technical offer should be opened at the second stage

C) Both the bids should be opened simultaneously and evaluated

D) Both the bids to be ranked together and the bid with the highest score to be selected

2 / 110

What are the conditions to be satisfied when only one bid is submitted?

A) The procurement was properly advertised and sufficient time was given for the submission of bids

B) All of these

C) Prices are reasonable in comparison to market values

D) The qualification criteria were not unduly restrictive

3 / 110

What is the maximum percentage of advance payments that are made to private firms?

A) 20% of the contract value

B) 15 % of the contract value

C) 50% of the contract value

D) 30% of the contract value

4 / 110

What is the minimum period for grant of second or subsequent Computer Advance?

A) 3 years

B) 5 years

C) 4 years

D) 2 years

5 / 110

What is the maximum number of monthly installments prescribed for recovery of Computer Advance?

A) 120

B) 100

C) 150

D) 200

6 / 110

The General Financial Rules MCQ

15. While making a public procurement, the description of the subject matter should not contain which of the following?

A) Quantity of goods to be procured

B) A particular trademark, trade name, or brand

C) Technical specifications

D) A complete schedule of the procurement cycle

7 / 110

While short-listing the potential list of consultants what should be the minimum number of consultants?

A) 5

B) 2

C) 3

D) 4

8 / 110

The procedures for grant of permanent advance or imprest to a Government servant is available in:

A) GFR

B) R&P

C) DFPR

D) CAM

9 / 110

The value between which the Works Contracts or contracts for purchases, where tender documents include the General Condition of Contract (GCC), Special Condition of Contract (SCC) and scope of the work, the letter of acceptance will result in a binding contract is:

A) ₹1 lakh to 10 lakhs

B) ₹2 lakhs to 15 lakhs

C) ₹4 lakhs to 8 lakhs

D) ₹5 lakhs to 20 lakhs

10 / 110

General Financial Rules 2019

37. Should a bidder request / enquire about the reasons for rejection or non-issuance of a tender to a prospective bidder. Is it mandatory to disclose the reasons?

A) NO

B) Optional

C) Discretion of the procuring authority

D) Yes

11 / 110

Fixed assets should be verified at least once in:

A) 3 years

B) 1 years

C) 4 years

D) 5 years

12 / 110

In what form will bid security be accepted?

A) Fixed Deposit receipts

B) Demand Draft

C) Bank guarantee

D) All of these

13 / 110

General Financial Rules (continued)

What is the estimated value of the non-consulting service for which invitation of bids is done through advertisement in CPPP or GeM?

A) Above ₹5 lakhs

B) Above ₹20 lakhs

C) Above ₹15 lakhs

D) Above ₹10 lakhs

14 / 110

Which Rule in GFR speaks about direct purchases online in the GeM portal by the Govt buyers in the procurement process above ₹5,00,000?

A) Rule 147 of GFR 2017

B) Rule 197 of GFR 2017

C) Rule 155 of GFR 2017

D) Rule 149 (iii) of GFR 2017

15 / 110

Which of the following services come under the purview of consulting services?

A) Advisory and project-related consultancy services

B) Policy consultancy services

C) All of these

D) Management consultancy services

16 / 110

What is the maximum one-time grant that can be sanctioned for setting up of a recreation club?

A) 80% of the project loan

B) 75% of the project loan

C) 50% of the project loan

D) 60% of the project loan

17 / 110

General Financial Rules

In case of libraries having not more than twenty thousand volumes, complete physical verification of books should be done once in:

A) 2 years

B) 5 years

C) 3 years

D) a year

18 / 110

For projects up to ₹100 crores, powers are vested with the Administrative Ministry / Department to accept a variation in the approved estimate within:

A) 10%

B) 40%

C) 20%

D) 30%

19 / 110

What is the limit up to which a Ministry / Department may directly execute repair works?

A) 30 lakhs

B) 40 lakhs

C) 60 lakhs

D) 50 lakhs

20 / 110

The cost that does not add value to a material being stocked is:

A) Inventory carrying cost

B) Surplus cost

C) Transportation cost

D) Actual cost

21 / 110

When shall Over Time Allowance (OTA) claims to stand forfeited, if not submitted within?

A) If not submitted within 45 days of the due date

B) If not submitted within 30 days of the due date

C) 90 days of the due date

D) If not submitted within 60 days of the due date

22 / 110

What is the period of retention of Service Books of officials entitled to retirement/terminal benefits?

A) 2 years after the issue of final pension/ gratuity

B) 3 years after the issue of final pension/ gratuity

C) 4 years after the issue of final pension/ gratuity

D) 5 years after the issue of final pension/ gratuity

23 / 110

Under which ministry’s order is a grant-in-aid regulated for the provision of amenities or of recreational or welfare facilities to the staff of offices of the Government?

A) Ministry of Home Affairs

B) Ministry of Finance

C) Ministry of Sports and Centre

D) Ministry of Personnel and Training

24 / 110

What is the time-limit to render accounts of TA advance granted to the family of the deceased, if the family travels in one batch?

A) Within 2 months of the completion of the journey

B) Within 3 months of the completion of the journey

C) Within one month of the completion of the journey

D) Within 6 months of the completion of the journey

25 / 110

State the quantum of Personal Computer Advance admissible to a Government servant.

A) ₹50,000

B) ₹50,000 or the actual price of a Personal Computer, whichever is lower

C) ₹100,000

D) Actual price of Personal Computer

26 / 110

When is the rejection of all bids justified?

A) When effective competition is lacking

B) When bids/proposals are responsive to the requirements of the procurement division

C) When the technical bids meet the minimum qualifying score

D) When all bids meet the criteria for evaluation of bids

27 / 110

General Financial Rules 2017 MCQ

What is the periodicity for re-audit in respect of Central and State Governments for the past transactions involving errors in classification?

A) 5 years

B) 3 years

C) 2 years

D) 1 year

28 / 110

What is the percentage of bid security required to be furnished by bidders in the case of a Limited or advertised tender enquiry?

A) 4 to 7 percent

B) 2 to 5 percent

C) 3 to 6 percent

D) 1 to 3 percent

29 / 110

What is the monetary limit in case of theft, fraud, etc., above which the case is to be reported to the Police for investigation?

A) ₹2,00,000

B) ₹75,000

C) ₹50,000

D) ₹1,00,000

30 / 110

When will a sanction of Provident Fund Advance/withdrawal lapse?

A) On the expiry of 4 months

B) On the expiry of 5 months

C) On the expiry of 3 months

D) On the expiry of 6 months

31 / 110

What is the limit up to which a duly constituted financial committee (LPC) can purchase goods on each occasion?

A) ₹5,00,000

B) ₹3,00,000

C) ₹2,75,000

D) ₹2,50,000

32 / 110

What should be the validity period of performance security beyond the date of completion of all contractual obligations?

A) 45 days

B) 50 days

C) 60 days

D) 30 days

33 / 110

What is the period of physical verification of library books in case of libraries having more than twenty thousand volumes and up to fifty thousand volumes?

A) Once in 3 years

B) Once in 6 years

C) Once in 5 years

D) Once in 4 years

34 / 110

In a QCBS(Quality and cost-based selection), what is the highest weightage allowed for technical parameters?

A) 70 %

B) 80 %

C) 50 %

D) 60 %

35 / 110

When will the LTC claim of a Government servant fall due for payment?

A) On the date of joining after duty availing of LTC

B) On the starting date of the return journey

C) On the date of commencement of the outward journey

D) On the date succeeding the date of completion of the return journey

36 / 110

Who is exempted from furnishing a security deposit while handling cash?

A) Government servants who are entrusted with the custody of office furniture, stationery, if the Head of Office is satisfied with the safeguards against loss through pilferage

B) All of these

C) Librarian and library staff

D) Drivers of the Government vehicles

37 / 110

What is the cost charged to download tender documents?

A) Value of Bank guarantee

B) 10% of cost estimate

C) 1% of the cost estimate

D) No cost

38 / 110

What is the maximum amount of immediate relief granted to the family of the deceased Government servant?

A) ₹10,000

B) ₹8,000

C) ₹25,000

D) ₹50,000

39 / 110

General Financial Rules

24. A limited tender enquiry may be adopted when the estimated value of goods to be procured is up to:

A) Rs25 lakhs

B) Rs20 lakhs

C) Rs15 lakhs

D) Rs10 lakhs

40 / 110

A report of transfer of a Gazetted Government servant is made in—

A) GFR 16

B) GFR 17

C) GFR 15

D) GFR 18

41 / 110

What is the crucial date for the closure of Inter-Government adjustments under GFR?

A) 30th April

B) 1st March

C) 15th April

D) 1st April

42 / 110

Who will evaluate the technical bids?

A) Head of Office

B) Technical Team

C) Financial Adviser

D) Consultancy Evaluation Committee (CEC)

43 / 110

Arrange the following procedures to be followed by a Department in the sequence of their happening to ensure correct execution of work.

(i) Preparation of detailed design and estimates

(ii) Open tenders to be called for

(iii) Execution of Contract Agreement

(iv) Final payment for work done

A) (i), (iii), (iv), (ii)

B) (iv), (iii), (ii), (i)

C) (i), (ii), (iii), (iv)

D) (i), (iv), (iii), (ii)

44 / 110

Who is competent to sanction permanent advance or imprest for meeting day-to-day contingent and emergent expenditure?

A) Chief Accounts officer of the Department

B) Controlling officer of the Department

C) Head of the Department

D) DDO

45 / 110

Arrange the following events in the sequence in which the procedure for execution works should be carried out.

(i) Preparation of detailed design and estimates

(ii) Limited tenders will be called for works costing less than ₹5 lakhs

(iii) Execution of Contract Agreement or Award of work

(iv) Issue of Administrative approval and Expenditure sanction of estimates

(v) Final payment for work

Choose the correct answer from the options given below :

A) (i), (iii), (v), (iv), (ii)

B) (i), (iv), (ii), (iii), (v)

C) (i), (v), (ii), (iii), (iv)

D) (i), (ii), (iii), (iv), (v)

46 / 110

Who can allow the arrear claim of a Government servant kept in abeyance for a period exceeding two years?

A) Appointing Authority

B) Head of the Department & Appointing Authority

C) None of these

D) Head of the Department

47 / 110

What is the full form of ‘PFMS’?

A) Permanent Finance Management System

B) Public Finance Monetary System

C) Prime Minister’s Finance Measurement System

D) Public Financial Management System

48 / 110

What are the standards of financial propriety which should be observed by an officer with regard to expenditure and payment of money from public funds?

A) No authority should exercise its powers of sanctioning expenditure to pass an order which will be directly or indirectly to its own advantage

B) Every officer should exercise the same vigilance in respect of expenditure incurred from public money as a person of ordinary prudence would exercise in respect of expenditure of his own money

C) The expenditure should not be prima facie more than the occasion demands

D) All of these

49 / 110

How many times is Computer Advance admissible to a Government servant in the entire service?

A) Five times

B) Once

C) Twice

D) Thrice

50 / 110

What is the period of retention of Pay Bill Registers?

A) 40 years

B) 35 years

C) 30 years

D) 32 years

51 / 110

Head of office may sanction tour advance to a Government servant to cover personal traveling expenses for a period not exceeding:

A) 60 days

B) 10 days

C) 45 days

D) 30 days

52 / 110

When will bid securities be refunded to the unsuccessful bidders?

A) On or before the 10th day after the award of the contract

B) On or before the 45 th day after the award of the contract

C) On or before the 30th day after the award of the contract

D) On or before the 15th day after the award of the contract

53 / 110

General Financial Rules 2017

30. What should be the period of validity of bid security?

A) 60 days beyond the final bid validity period

B) 30 days beyond the final bid validity period

C) 40 days beyond the final bid validity period

D) 45 days beyond the final bid validity period

54 / 110

Advances to Central Govt Servant

In case of default, what is the penal interest chargeable for advances regulated under Rules 39 to 84 of Compendium of Rules on Advances?

A) 5% over the interest rate on Provident Fund balances

B) 2 ½ % over the interest rate on Provident Fund balances

C) 2% over the interest rate on Provident Fund balances

D) 3% over the interest rate on Provident Fund balances

55 / 110

Identify the document that does not form part of a Request for Proposal (RFP)—

A) A letter of Invitation

B) Terms of Reference

C) Bid evaluation criteria

D) Proposed list of potential consultants

56 / 110

What is the maximum quantum of Travelling Allowance to be granted to the family of the deceased Government servant?

A) 2/3 rd of the probable amount of TA admissible

B) 1/2 of the probable amount of TA admissible

C) 1/4th of the probable amount of TA admissible

D) 3/4th of the probable amount of TA admissible

57 / 110

The recovery of Postal Life Insurance Premia will be registered in Form:

A) GFR 19

B) GFR 18

C) GFR 20

D) GFR 2

58 / 110

What is the time-limit for submission of LTC claim after completion of the return journey when LTC advance is drawn?

A) Within 20 days

B) Within 30 days

C) Within 45 days

D) Within 15 days

59 / 110

An arrear claim of a Government servant shall be settled by the DDO if preferred within:

A) One year of its becoming due

B) Three years of its becoming due

C) Four years of its becoming due

D) Two years of its becoming due

60 / 110

The number of supplier firms in limited tender enquiry should be more than:

A) 2

B) 4

C) 5

D) 3

61 / 110

What is the maximum period of debarment of a bidder under Section 151 (i) of GFR?

A) 3 years

B) 2 years

C) 4 years

D) 5 years

62 / 110

Under what circumstances is the interest not chargeable on the outstanding balance of interest-bearing advance sanctioned to a Government servant?

A) On termination from Government service

B) Beyond the date of death of the Government servant

C) On superannuation

D) On resignation from Government service

63 / 110

What is the time-limit stipulated to the family of the deceased employee to complete the journey?

A) Within nine months after the date of death

B) Within six months after the date of death

C) Within three months after the date of death

D) Within one year after the date of death

64 / 110

What is the time-limit for adjustment of an advance granted as immediate relief to the family of the deceased Government servant, under Rule 79 of the compendium of Rules on Advances?

A) Within a period of one month from the date of sanction

B) Within a period of 9 months from the date of sanction

C) Within a period of 3 months from the date of sanction

D) Within a period of 6 months from the date of sanction

65 / 110

What is the period prescribed to render accounts of the advance of TA by the family of the deceased, if the family travels in more than one batch?

A) Within one month after completion of the journey by the first batch

B) Within one month from the date of commencement of journey by the last batch

C) Within one month from the date of sanction of advance

D) Within one month after completion of the journey by the last batch

66 / 110

Write the full form of CPPP.

A) Central Public Procurement Portal

B) Central Purchase Power Protocol

C) Central Purchase Procedure and Protocol

D) Central Public Procurement Process

67 / 110

What is the maximum amount of advance that can be sanctioned by a Ministry/Department to a Government Pleader in connection with lawsuits to which Government is a party?

A) ₹25,000

B) ₹10,000

C) ₹15,000

D) ₹30,000

68 / 110

What is the time-limit for the execution of a contract document after the issue of a letter of acceptance?

A) 21 days

B) 30 days

C) 18 days

D) 14 days

69 / 110

Which fundamental principle is essential for an authority delegated with financial powers for procuring goods in the public interest?

A) Promotion of competition in public procurement

B) Responsibility and accountability

C) Fair and equitable treatment of suppliers

D) All of these

70 / 110

What are the contents to be incorporated in the Terms of Reference [TOR]?

A) Outline of the tasks to be carried out

B) Al of these

C) Schedule for completion of tasks

D) Precise statement of objectives

71 / 110

Name the Rule in GFR speaks about direct purchases online in the GeM portal by the Govt buyers in the procurement process above ₹25000 and up to ₹5,00,000?

A) Rule 197(ii) in GFR 2017

B) Rule 149(ii) in GFR 2017

C) Rule 197(i) in GFR 2017

D) Rule 149(i) in GFR 2017

72 / 110

What is the maximum amount of LTC advance admissible to a Government servant?

A) 90% of the estimated cost of journeys both ways

B) 75% of the estimated cost of journeys both ways

C) 80% of the estimated cost of journeys both ways

D) 50% of the estimated cost of journeys both ways

73 / 110

What does QCBS stand for?

A) Quantity Conscious Bid Selection

B) None of these

C) Quality and Cost Based Selection

D) Quality Contract Bid Selection

74 / 110

What is the validity period of registered suppliers in Government e-Marketplace?

A) 2 to 5 years

B) 3 to 5 years

C) 1 to 3 years

D) 1 to 5 years

75 / 110

What is the time-limit for submission of an LTC claim when the advance is not drawn?

A) within 60 days

B) Within 6 months

C) Within 1 month

D) Within 3 months

76 / 110

General Finance Rules 2019

Which of the following sentences is correct in terms of bidding procedures?

A) Contract should ordinarily be awarded to the lowest evaluated bidder who is qualified to perform satisfactorily.

B) Negotiation with bidders can be done to achieve the lowest bid even after opening the bid

C) Any new condition can be brought in for evaluation of bids

D) Bidders can modify/alter their bids after the expiry of the deadline for receipt of bids

77 / 110

From which Financial Year is the Railway Budget included with the General Budget?

A) 2016-2017

B) 2018-2019

C) 2017-2018

D) 2015-2016

78 / 110

Which item will not come under the purview of the definition of Goods?

A) Books, Publication, Periodicals

B) Furniture, Fixtures, and raw materials

C) Vehicles, aircraft, ships

D) Intangible products like Software, Patents

79 / 110

Advances to Central Government Servants

What is the due date for the submission of T.A.'s claim on completion of the journey?

A) Within 1 year

B) Within 15 days

C) within 60 days

D) Within 30 days

80 / 110

Who will certify and register suppliers on Government e-Marketplace (GeM)?

A) Central Purchase Organization

B) Finance Minister

C) Secretary, Finance

D) Head of the Department of a particular establishment

81 / 110

What is the financial limit for the purchase of goods without quotation or bids?

A) ₹15,000

B) ₹20,000

C) ₹25,000

D) ₹30,000

82 / 110

From the following sentences, find the eligibility and conditions for the grant of TA to non-official members/committees?

A) All of these

B) Cannot be sanctioned the second advance until the first one is adjusted

C) In exceptional cases, where it is difficult to meet the cost of long and expensive journeys

D) Can be sanctioned after receipt of a written undertaking

83 / 110

Personal Computer Advance

Which of the following category of Government servants are eligible for the grant of Computer Advance?

A) All Government employees

B) Employees drawing pay from Pay Level 10 to 18

C) Employees drawing pay from Pay Level 6 to 18

D) Employees drawing pay from Pay Level 4 to 18

84 / 110

Which bid is opened first by a Ministry in two bid system?

A) Anyone bid

B) Technical bid

C) Both should be opened simultaneously

D) Financial bid

85 / 110

What are the standard methods adopted for obtaining bids during the purchase of goods?

A) Single tender enquiry

B) Advertised tender enquiry

C) All of these

D) Limited tender enquiry

86 / 110

How many methods are there in the process of obtaining bids?

A) 4

B) 6

C) 3

D) 5

87 / 110

A list of potential consultants is to be prepared if the estimated cost of the consulting service is up to:

A) ₹10 lakhs

B) ₹20 lakhs

C) ₹15 lakhs

D) ₹25 lakhs

88 / 110

Which system is being followed for the purchase of high-value plants, machinery, etc. of a complex and technical nature?

A) Advertised tender system

B) Two bid system

C) Single tender system

D) Limited tender system

89 / 110

What is the estimated value of the goods to be procured for which invitations to tenders can be made by advertisement?

A) ₹30 lakhs and above

B) ₹25 lakhs and above

C) ₹10 lakhs and above

D) ₹15 lakhs and above

90 / 110

e-Procurement, according to GFR means?

A) Procurement only through foreign sources

B) Payment for procurement being made Online

C) Use of information and communication technology in the procurement process

D) Procurement of computer-related goods

91 / 110

In a two-bid system, what are the two bids?

(i) Technical bid (ii) Dynamic bid (iii) Financial bid (iv) Online bid

A) (ii) and (iii)

B) (i) and (ii)

C) (i) and (iii)

D) (ii) and (iv)

92 / 110

Details of specifications, prices and other salient features of different rate contracted items will be updated on the website by:

A) Legal Department

B) Central Purchase Organization

C) Procuring Ministries / Departments

D) Suppliers

93 / 110

Which method is followed for inviting bids if the estimated value of non-consulting service is less than Rupees ten lakhs?

A) Limited tender enquiry

B) Two bid system

C) Advertised tender enquiry

D) Single tender enquiry

94 / 110

State the monetary limit up to which any loss of immovable property by fire, flood, etc., can be reported by a subordinate authority to the next higher authority up to:

A) ₹2, 50,000

B) ₹5,00,000

C) ₹1,00,000

D) ₹ 50,000

95 / 110

Interest-free Advances-Travelling Advance

Under what circumstance is an advance of Travelling Allowance on transfer not admissible to a Government servant?

A) If he proceeds on transfer to Foreign Service

B) If he proceeds on transfer while on leave

C) If he proceeds on transfer on administrative grounds

D) If he proceeds on mutual transfer

96 / 110

General Financial Rules objective type questions

87. What is performance security?

A) To ensure due to performance of a contract, an amount of 5 to 10 percent of the contract value is deposited with the Government and this is called performance Security

B) A performance security is given by a contractor to inform that his bid is the lowest

C) A performance security is one which is given by an Insurance Company for the security of goods

D) A performance security is given by the Government to a contractor for any loss that he may incur in the contract

97 / 110

Physical verification of all the consumable goods and materials should be undertaken at least once in:

(MOCK TEST PS GROUP B)

A) A year

B) 6 years

C) 2 years

D) 5 years

98 / 110

Which of the following methods is used for disposal of surplus or obsolete or unserviceable goods of assessed residual value above Rs 2 lakhs?

A) By public auction

B) By a reputed dealer

C) By single tender system

D) By limited tender system

99 / 110

What percentage on the amount of the value of the contract as specified in the bid documents is required to be furnished as performance security:

A) 5 to 10 %

B) 2 to 3%

C) 4 to 5%

D) 6 to 7 %

100 / 110

How is the amount of advance, except miscellaneous advances, rounded-off after the same is determined?

A) Nearest multiple of ₹100

B) Nearest multiple of ₹500

C) Nearest multiple of ₹50

D) No rounding-off

101 / 110

After finalization of the estimates for Budgetary allocations by the Department of Expenditure, whose consultation is necessary to prepare an Outcome Budget statement?

A) Vice-President of India

B) NITI Aayog

C) Prime Minister of India

D) President

102 / 110

How many tour advances shall be allowed to remain outstanding at a time?

A) 1

B) 2

C) 3

D) No limits prescribed

103 / 110

Which rule of GFR deals with the time-barred claim of Government servants?

A) Rule 301 (1)

B) Rule 298

C) Rule 296

D) Rule 299

104 / 110

When will the claims of a Government servant to TA/DA on tour /transfer/training/journey on retirement stand forfeited?

A) If the claim is not preferred within 30 days succeeding the date of completion of the journey

B) If the claim is not preferred within 45 days succeeding the date of completion of the journey

C) If the claim is not preferred within 90 days succeeding the date of completion of the journey

D) If the claim is not preferred within 60 days succeeding the date of completion of the journey

105 / 110

Who will value the buildings and superstructures on land at the time of transfer from one department to another?

A) Legal Department

B) Head of the Department of the property

C) Central Public Works Department

D) Financial Adviser of the Department

106 / 110

Under what circumstances is a single tender enquiry system adopted?

A) For standardization of machinery or spare parts to be compatible with the existing sets of equipment resulting in purchase only from a selected firm

B) When required goods are manufactured by a particular firm

C) All of these

D) In case of emergency when the required goods are necessarily to be purchased from a particular source

107 / 110

What is the limit of advance payment made to the State Government, or Central Government agency or a PSU for supply contracts?

A) 40% of the contract value

B) 10% of the contract value

C) 20% of the contract value

D) 25% of the contract value

108 / 110

Which Rule in GFR speaks about transparency, competition, fairness, and elimination of arbitrariness in the procurement process?

A) Rule 175(2)

B) Rule 175(1)

C) Rule 174

D) Rule 173

109 / 110

When limited tender results in only one effective offer, it shall be treated as—

A) Advertised Tender

B) Single Tender Contract

C) Electronic Reverse Auction

D) Two-stage bidding

110 / 110

Which Rule in GFR speaks about direct purchases online in the GeM portal by the Govt buyers in the procurement process below ₹25000?

A) Rule 149 of GRF 2017

B) Rule 147 of GRF 2017

C) Rule 197 of GRF 2017

D) Rule 148 of GRF 2017

Your score is

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In fact, do you like the MCQs on General Finance Rules or Advances?

One more thing, do you wish to have a Quiz on General Finance Rules?

Conclusively, let me know in the comments section below right now.

Index:

The General Financial Rules 2017;

General Finance Rules;

General Financial Rules

And General Finance Rules 2019;

the General Finance Rules 2005;

MCQ on General Financial Rules 2017;

General Financial Rules purchase procedure;

And General Financial Rules 2017 MCQ

General Financial Rules MCQ

Miscellaneous Rules for IPO Exam & Gr B Exam

Leave Rules for IPO Exam & Gr B Exam

LTC Rules for IPO Exam & Gr B Exam;

CEA & Hostel Subsidy MCQs for IPO Exam & Gr B Exam

IPO Exam Syllabus and Books & Reading material: 2020(Latest)

CCS Conduct Rules(1964)

IPO Exam/Gr B Exam MCQs

IPO Exam Question Paper 2019: IPO Exam 2019 Question Paper

Revised Syllabus PSS GroupB Examination(Latest 30-12-2019)

CCS CCA Rules 1965

Post office acronyms & abbreviations

Study Material for Postman Exam pdf: 2020 Update

14 thoughts on “General Finance Rules (GFR) & Advances: MCQs IPO Exam & Gr B Exam”

Mnreddy says:

October 6, 2020 at 3:09 pm

I like the MCQ on GFR almost all the subject covered . But I want quiz also to test the accuracy. Thanks for the admin for the Great effort. M. N. Reddy

1. Admin says:
  
  October 6, 2020 at 4:40 pm
  
  Thank you.
  
RAMARAO GUDAVALLI says:

October 30, 2020 at 12:28 pm

Good information on GFR and advances.It is boost to the exam going offices.Quiz is also need.Please cover all the syllabus of GR B exam.Onceagain, thanq verymuch for preparing imp bits.I have no interest on to read books while reading your bits.Very onformative.

Sravan Kumar Pilla says:

November 17, 2020 at 10:49 am

Good Compilation Sir..
You are helping alot the exam aspirants..

1. Admin says:
  
  November 17, 2020 at 11:28 am
  
  Welcome, Sravan! Glad to hear that it helped you.
  
Bishwajit Roy says:

November 22, 2020 at 5:53 pm

No words. Excellent. Thanks

1. Admin says:
  
  November 22, 2020 at 6:08 pm
  
  Welcome, Bishwajit Ji!
  
Bishwajit Roy says:

November 22, 2020 at 5:55 pm

Questions on Budget topic also needed to understand in better way

Naresh says:

November 28, 2020 at 2:54 pm

Thank you sir.. It’s very helpful to my IPO exam..

1. Admin says:
  
  November 28, 2020 at 3:10 pm
  
  Welcome, Naresh! Revise thoroughly, particularly through Quizzes, definitely, you will have a chance to be on the final list.
  
ER.AJAY SHARMA says:

May 4, 2021 at 5:20 pm

Respected Sir,
Thanks a lot for providing quiz on GFR and leave rules. It will help me a lot

1. Admin says:
  
  May 5, 2021 at 10:43 am
  
  Thank you Ajay Ji! Glad you found it useful.
  
NAVEENA VASUDEVAN says:

September 28, 2021 at 1:33 pm

Thank u ji.. helpful notes and mcq

1. Admin says:
  
  October 1, 2021 at 4:04 pm
  
  Welcome, Naveena Ji. Glad that you find it useful.

General Finance Rules (GFR) & Advances: MCQs IPO Exam & Gr B Exam

What are General Finance Rules?

General Finance Rules Quiz

The General Financial Rules MCQ

The procedures for grant of permanent advance or imprest to a Government servant is available in:

The value between which the Works Contracts or contracts for purchases, where tender documents include the General Condition of Contract (GCC), Special Condition of Contract (SCC) and scope of the work, the letter of acceptance will result in a binding contract is:

General Financial Rules 2019

General Financial Rules (continued)

General Financial Rules

What is the time-limit to render accounts of TA advance granted to the family of the deceased, if the family travels in one batch?

General Financial Rules 2017 MCQ

General Financial Rules

General Financial Rules 2017

Advances to Central Govt Servant

The recovery of Postal Life Insurance Premia will be registered in Form:

What is the time-limit for adjustment of an advance granted as immediate relief to the family of the deceased Government servant, under Rule 79 of the compendium of Rules on Advances?

Name the Rule in GFR speaks about direct purchases online in the GeM portal by the Govt buyers in the procurement process above ₹25000 and up to ₹5,00,000?

General Finance Rules 2019

Advances to Central Government Servants

Personal Computer Advance

Interest-free Advances-Travelling Advance

General Financial Rules objective type questions

(MOCK TEST PS GROUP B)

Which of the following methods is used for disposal of surplus or obsolete or unserviceable goods of assessed residual value above Rs 2 lakhs?

Which Rule in GFR speaks about direct purchases online in the GeM portal by the Govt buyers in the procurement process below ₹25000?

Index:

Read Also:

14 thoughts on “General Finance Rules (GFR) & Advances: MCQs IPO Exam & Gr B Exam”

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