You Are On Question Answer Bank SET 363
18151. Under Suspense heads are recorded such transactions that are:
Answer: Ultimately removed by payment or recovery in cash or book adjustment.
18152. A sub divisional officer is empowered to draw cheques against the accounts of his Divisional officer by:
Answer: The Divisional officer.
18153. The main point in every fraud investigation, must be to ascertain:
Answer: Whether the exercising ordinary common sense and application of existing rules would not have rendered the fraud impossible.
18154. The general principles and rules of Audit which govern audit of expenditure apply mutatis mutandis to:
Answer: Disbursement under debts, deposits, remittances and suspense heads.
18155. The responsibility for watching the progress of expenditure against a (grant) devolves on the:
Answer: Executive.
18156. To see that no authority exercises its powers of sanctioning expenditure to pass an order which will be directly or indirectly to its own advantage is part and parcel of :
Answer: Propriety audit.
18157. One of the main checks in Audit is to ensure that there is provision of funds for the expenditure duly authorized by competent authority. This type of Audit is prescribed for:
Answer: Government Audit.
18158. Enforcing economy in the expenditure of public moneys is the responsibility of :
Answer: Executive Government.
18159. The object of Appropriation Accounts is :
Answer: To relate expenditure brought to account during a financial year to several items specified in the schedule to Appropriation Act passed by the L.A.
18160. Appropriation Accounts, Finance accounts, and Audit Reports(Civil) laid before the L.A. are examined by:
Answer: Public Accounts Committee.
18161. Cash basis of accounts means:
Answer: Actual cash receipts and disbursements during a financial year as distinct from amounts due to or by Government.
18163. Commercial departments are maintained mainly for the purpose of :
Answer: Rendering services or providing supplies on payment for the services or for articles supplied.
18164. It is the duty of the Finance Commission to:
Answer: Making recommendations about distribution of Income Tax and Central Excise Duties between Union and States and principles for Central grants to States.
18168. Leave accounts of Gazetted Government servants are maintained by :
Answer: Accountant General (A&E).
18169. Central Audit is based on scrutiny of :
Answer: Accounts and vouchers, schedules and other documents received form various disbursing officers.
18170. Inspection Reports of Audit deal with:
Answer: More important defects of procedure and financial irregularities.
18171. Unless specifically permitted by rules/competent authority revenue due to Government:
Answer: Can be credited only after realization. Credit must follow are not precede actual realization.
18172. Audit against provision of funds is directed to ascertain whether:
Answer: The money has been expended for the purpose(s) intended by the grant.
18173. Scale regulated contingences are those for which:
Answer: Particular scales are laid down by the competent authority with other conditions to be complied with.
18174. Consolidated treasury receipt for each month in respect of a P.W.Division is prepared by:
Answer: Divisional Officer and signed by District Treasury Officer.
18175. Every grant made for a specific object is subject to the implied condition that:
Answer: Grant will be spent for the specified object within a reasonable time, and unspent grant refunded.
18177. While the office of the Speaker of the Legislative Assembly is vacant, the duties of that office shall be performed by:
Answer: Deputy Speaker.
18178. The question of disqualification of members of LA (as mentioned in the Constitution) will be decided finally by:
Answer: The Governor.
18179. The constitution provides for declaring Financial Emergency by President when:
Answer: He is satisfied that a situation has arisen whereby the financial stability or credit of India or any part of it, is threatened.
18180. A person shall not be qualified to be chosen to fill a seat in the Legislative Assembly, unless he is :
Answer: Not less than 25 years of age.
18181. A bill which if enacted would involve expenditure from the Consolidated Fund of India shall not passed by either house of Parliament, unless:
Answer: The President has recommended to that house for the consideration of the bill.
18184. No money shall be withdrawn from the Consolidated Fund of India except:
Answer: Under appropriation made by law passed in accordance with the provisions of the Constitution.
18185. No person shall be eligible for election as President unless he has completed the age of :
Answer: 35 years.
18187. Taxes levied and collected by Union and distributed between the Union and the States are:
Answer: Income Tax.
18188. The Vice president of India shall be elected by an electoral college consisting of members of:
Answer: Both the houses of the parliament.
18189. Travel expenses of a Government servant for travel on duty connected with an outside body is debitable to:
Answer: The fund of the outside body.
18191. In regular Government accounts, the correct allocation of expenditure to revenue or capital heads of accounts is checked by:
Answer: Audit department.
18192. Detection and prevention of fraud in the Government system of audit is taken care by:
Answer: Checks by Executive Officers and supplemented by local audit and continuous central audit.
18193. An important duty of audit in relation to borrowing is :
Answer: To ensure it is brought to account, utilized for the intended objects and arrangements made for amortization of debt.
18194. Ordinarily all amount due to Government, which are found to be irrecoverable shall be written off from the debt head as a loss to Government.
Answer: An expenditure head as a loss to Government.
18195. A service receipt of which full particulars are not of given must be taken:
Answer: To minor head “other receipts” under revenue head to which it appears to belong.
18197. The classification of transactions in Government shall have closer reference to :
Answer: Function, programme, and activity of Government and the object of revenue or expenditure.
18199. Audit Reports(Civil) of C&AG are scrutinized and follow-up action recommended by :
Answer: Public Accounts Committee.
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