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

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

When will bid securities be refunded to the unsuccessful bidders?

What is the full form of ‘PFMS’?

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

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

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

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

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

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

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

When is the rejection of all bids justified?

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

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

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?

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

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

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

Advances to Central Government Servants

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

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

Write the full form of CPPP.

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?

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

In what form will bid security be accepted?

What does QCBS stand for?

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

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

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

(MOCK TEST PS GROUP B)

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

e-Procurement, according to GFR means?

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

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

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

Fixed assets should be verified at least once in:

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:

Who will evaluate the technical bids?

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

Interest-free Advances-Travelling Advance

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

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

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

General Finance Rules 2019

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

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

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?

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

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:

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?

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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?

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

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?

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

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

General Financial Rules

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

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?

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

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

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

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

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

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

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

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 :

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

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

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?

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

What is the cost charged to download tender documents?

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

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

General Financial Rules

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

What is the period of retention of Pay Bill Registers?

The General Financial Rules MCQ

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

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

General Financial Rules 2017

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

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

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?

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

Under what circumstances is a single tender enquiry system adopted?

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

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

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

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:

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

Personal Computer Advance

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

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

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

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?

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?

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

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

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

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?

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

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

General Financial Rules objective type questions

87. What is performance security?

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