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General Financial Rules 2017 - Chapter 3: Budget Formulation and

Implementation
AprilJti'.S

1. Financial Year covers the period

A. From 01 Jan to 31 Dec
.-Br From 01 April to 31 March next year
C. From 01 July to 30 June next year
D. 01 September to 31 August next year
2. Presentation of Budget/ Annual Financial Statement to Parliament is made under the provision of
Article
_A. 112 (l)
B. 112 (2)

C. 113 CD
D. 113 (2)
3. Who shall arrange to lay Budget/ Annual Financial Statement before both the Houses of Parliament
A. Concerned Ministry/Department
B. CGA
Finance Minister
D. Public Account Committee
4. The provisions for preparation, formulation and submissioji of budget to the Parliament are contained
in Articles
112 to 116 of the Constitution of India.
B. 112 to 115 of the Constitution of India
C. no to 114 of the Constitution of India
D. 111 to 117 of the Constitution of India
5. The budget shall contain the following: -
A. Estimates of all revenues expected to be raised during the financial year to which the budget
relates
B. Estimates of all expenditure for each programme, scheme and project in that financial year;
C. Estimates of all interest and debt servicing charges and any repayments on loans in that
financial year;
All of the above
6. State whether true or false.The accounting heads under which major-tax and non-tax revenues are
collected shall be prescribed by the administrative Ministry in consultation with the Budget Division in
the Finance Ministry.
,A. True
B. False
The rates of user charges should be linked with appropriate price indices and reviewed at least

A. every year
 B. every two years
^Gr* every three years
D. every five years
which a vote of the Lok Sabha
is required have been provisioned in
A. Article 112 (1) and Article 112 (2) respectively
B. Article 112 (2) and Article 113(3) respectively
^0. Article 112 (3) and Article 113(5) respectively
D. Article 112 (3) and Article 113(2) respectively
9. The estimates for expenditure for which ypte of Lok Sabha is required shall be in the form of
A. Vote on Account
Demand for Grants
- C. Vote for Grants
D. Vote on Demand
10. The final unit of appropriation is_
A. Major Head
B. Minor Head
C. Primary Head
Object head
11. State whether One Demand for Grant is presented in respect of each Ministry or Department and under
no circumstances more than one Demand for Grant in respect of a single Ministry or Department shall
be presented
A. True
False
12. The Demand for Grants shall be presented to Parliament at
A. single level
sKl two levels
C. three level
D. four levels
13. Pick the incorrect one
A. The Demand for Grants shall be presented to Parliament at two levels. -T"
B. The main Demand for Grants shall be presented to Parliament by the Ministry of Finance,
Budget Division along with the Annual Financial Statement ^
'JZT The Detailed Demands for Grants, for consideration by the “Public Account
Committee (PAC) of the Parliament, are laid on the Table of the Lok Sabha by the
concerned Ministries/ Departments, as per dates approved from time to time. £

D. None the above

^j^The heads under which provisiqnfor expenditure shall be made in the Demands for Grants or
Appropriation shall be prescribed by the Finance Ministry in consultation with the
 A. CGA
B. CAG
C. Public Account Committee
v-l?. Administrative Ministry or Department.
15- URSC stands for
A. Disaster Relief Standing Committee
Departmentally Related Standing Committee
C. Demand Reviewing Standing Committee
D. Demand Review & Structure Committee
J
16. Outcome Budget Statement is prepared by Department of Expenditure in consultation with the
concerned Ministries and
A. Union Cabinet
B. Finance Commission
NITIAayog
D. Public Account Committee
^/dyT^The budget statement linking outlays against each scheme/project with the outputs/deliverables and

medium term outcomes is known as

A. Performance Budget
B. Output Budget
C. Deliverable Budget
Outcome Budget
18. MTEF Statement stand for
Medium Term Expenditure Framework
B. Most Tolerable Efficiency Factor
19. If the Appropriation Bill seeking authorization of the Parliament to make expenditure in consonance
with the Budget proposal is likely to be passed after the start of the financial year to which it corresponds
then pending the completion of the procedure prescribed in Article 113 of the Constitution for the
passing of the Budget, to cover expenditure for a_briefperiocLthe Finance Ministry may need to obtain a _
A. Vote on Credit
B. Vote on Demand
^CT Vote on Account
D. Credit on Demand
20. Vote on Account’ has been referred to in
A. Article 113 of the Constitution.
B. Article 114 of the Constitution.
C. Article 115 of the Constitution.
Article 116 of the Constitution.
21. State whether true or false-Funds made available under Vote on Account may be utilized for expenditure
on a ‘New Service’.
 A. True
*-'B. False
A copy of the entries made in GFR-5 during the preceding month shall be sent by the officer maintaining
it, to the Head of tlie Department or other designated Controlling Officer on
A. 1 st day of next month
3 rd day of next month
C. 7 th day of next month
D. 15th day of next month
State whether true or false-This statement shall also include adjustment of an inward claim, etc.,
communicated by Pay and Accounts Officer directly to the DDO (and not to his Grant Controlling 1

Officer). If there are no entries in the register in any month, a statement need not be sent.
A. True
False
24. To monitor the receipt of the returns from DP Os, the Controlling Officer will maintain ajaroadsheet in
Form
A. GFR 3
B. GFR 4
C. GFR 5
GFR 6
25. Pick the correct one regrading examining the point by the Controlling Officer on receipt of the returns
from DDOs.

(i) that the accounts classification has been properly given (ii) that progressive expenditure has been
properly noted and the available balances worked out correctly (iii) that expenditure up-to-date is within
the grant or appropriation (iv) that the returns have been signed by Disbursing Officers^ Where he finds
defects in any of these respects, he shall take steps to rectify the defect

A. i, ii and iii
B. i, ii and iv
C. ii, iii and iv
vpT" All of the above
26. When all the returns from the Disbursing Officers for a particular month have been received^and found
to be in order, the Controlling Officer shall compile a statement in Form
A. GFR 5
B. GFR 6

GFR2
D. GFR 9
27. On receipt of all the necessary returns, the Head of the Department shall prepare a consolidated account
showing the complete expenditure from the grant or appropriation at his disposal upto the end of the
preceding month in Form
 A. GFRy
^3,- GFR8
C. GFR 9
D. GFR 10
^-28. Who shall be responsible for the monthly reconciliation of the figures given in the accounts maintained
by the Head of the Department with those appearing in the Accounts Officer’s books?
A. DDO & Accounts Officer jointly
B. DDO & Head of Department jointly
«-Gr Head of Department & Accounts Officer jointly
D. All of the above jointly.
29. Pick the incorrect one
A. DDOs shall maintain a Bill Register in Form TR 28-A, and note all bills presented for payment
to the PAO in the register. Payment details shall be noted in the appropriate column of the Bill
Register. ■<'
B. The PAOs shall furnish to each of the DDOs including Cheque -drawing DDOs. an extract from
the expenditure control register or from the Compilation Sheet every month, statements for
May to March shall also contain Progressive Figures. Prepared by Deepak Kumar Rahi, AAO
(LAD/Patna) -p
The DDO shall furnish to the PAO a certificate of agreement of the figures as per
his books with those indicated by the PAOs by the 15th day of the month following
the month of accounts. ^
D. The Principal Accounts Officer (or PAO wherever payments, relating to a grant are handled
wholly by a PAO) of each Ministry, shall send a monthly statement showing the expenditure
vis-a-vis the Budget provision under the various heads of accounts to the Heads of
Departments responsible for overall control of.expenditure against grant of the Ministry as a
whole. 7
The Head of the Department shall furnish a quarterly certificate to the Principal Accounts Officer
certifying the correctness of the figures relating to Grant for the quarter by
A. the 15th of the following month after the end of quarters
the 15th of the second following month after the end of quarters,
C. the last day of following month after the end of quarters
D. the last day of second following month after the end of quarters
^'''' 31. The Departments of the Central Government shall obtain from their Heads of Departments and other
offices under them the departmental figures of expenditure in Form GFR 8 by
A. the yth of the following the month
B. the 10th of the following the month
the 15th of the following the month
D. the last day of the following the mon th
 fob
32. A Broadsheet shall be maintained by the Departments of Central Government or each Head of
Department and other authorities directly under them, to watch the prompt receipt of the various
returns from month to month in Form
GFR 9
B. GFR 10
C. GFR 11
D. GFR 11
33. In order to maintain proper control over expenditure, a Controlling Officer shall obtain from the
evi
A. April
B. June
C. September
October
34. The Controlling Officer maintains a Liability Register in Form
A. GFR 2
GFR 3
C. GFR 3A
D. GFR 6
35. Ultimately responsible for the control of expenditure against the grant/appropriation is
A. Head of Department
B. Accounts Officer
_Gr7' Authority administering the grant/appropriation
D. Head of Department & Accounts Officer jointly.
36. The Accounts Officer shall not allow any payment against sanctions in excess of the Budget provisions
unless there is specific approval of the
A. Head of Department
B. Chief Controller of Account
C. Controller General of Accounts
Chief Accounting Authority.
37. State whether true or false-The savings as well as provisions even though that cannoj.be profitably,
utilised shall noLbe. surrendered to Government before the end of the year. No savings shall be held in
reserve for possible future excesses.
A. True
—Br' False
38. Re-appropriation of Funds has been referred to in
^A. Rule-10 of the Delegation of Financial Powers Rules
B. Rule 10 of GFR 2017
C. Rule 10 of R & P 1983
D. Rule 10 of GAR 1990 Prepared by Deepak Kumar Rahi, AAO (LAD/Patna)
39- Re-appropriation of fund involves transfer of fund from
A. One department to another
B. One major head to another
C. Capital to Revenue or vice versa
One primary unit to another.
An application for re-; in;
_A-. GFR_j_
B. GFR 2
C. GFR 3
D. GFR 4
In all orders sanctioning re-appropriation, the reasons saving and excess and affected primary units
(secondary units, wherever necessary shall be invariably Stated for amount of
A. Rupees 50 thousand or over
_JBv Rupees 1 lakh or over
C. Rupees 2 lakh or over
D. Rupees 5 lakh or over
42. Supplementary Grant has been mentioned in Article
A. 113 of the Constitution
B. 114 of the Constitution
115 of the Constitution
D. 116 of the Constitution
43. Expenditure in excess of the provisions for the service includedjn an Appropriation (Vote on Account)
Act shall be met
A. By Supplementary Grant
B. By Excess Grant
C. By an advance from Consolidated Fund
v-Br'' By an advance from Contingency Fund
44. Contingency Fund of India has been set up under Article
A. 266 (1)
-"B. 267 Cl)
C. 266 (2)
D. 267(2)
45. The procedure for obtaining an advance from the Contingency Fund and recoupment of the Fund shall

be as laid down in the

Contingency Fund of India RuIes-1952
B. Contingency Fund of India Rules 1955
C. Treasury Rule
D. GAR 1990
46. Who appears before the Committee on Public Accounts and any other Parliamentary Committee for

examination of accounts?
A. Head of Department
B. CCA
ciiw)
^e.
D.
CAA
Financial Advisor
d