4/2/2019 General Financial Rules 2017 MCQ Questions and Answers - Study 2 Online

General Financial Rules 2017 MCQ Questions

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21) Petty losses are losses not exceeding (need not be reported) in terms of GFR
2017

A 2000/-
B 5000/-
C 10000/-
D 25000/-

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22) Cases involving serious irregularities shall not be brought to the notice of

A Financial Adviser
B Chief Accounting Authority of the Ministry or Department concerned
C the Accounts Office/Audit Officer Concerned
D the Controller General of Accounts, Ministry of Finance.

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23) Report of loss shall be made at

A Single stage
B two stages
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C three stages
D depending upon the nature of case.

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24) The reports on losses, which the HoD cannot finally dispose of under the
delegated powers, shall be submitted to

A Financial Advisor of the concerned Ministry/Department

B Chief Accounting Authority of the concerned Ministry/Department
C the Finance Ministry
D the Parliament

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25) In cases of loss to Government on account of culpability of Government

servants, the loss should be borne by the

A Government Servant concerned

B Section-in-charge of Government Servant concerned
C HoD concerned
D Central Government Department or State Government concerned with the
transaction.

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26) If any recoveries are made from the erring Government officials in cash, the
receipt will be credited to the that borne/sustained the loss i.e.

A Government Servant concerned

B Section-in-charge of Government Servant concerned
C HoD concerned
D Central Government Department or State Government concerned with the
transaction.

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27) All cases involving loss of Government money arising from erroneous or
irregular issue of cheques or irregular accounting of receipts will be reported to the

A Chief Controller of Accounts

B Controller General of Accounts
C Comptroller & Auditor General
D Audit/Account Officer

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28) Cases involving material loss or destruction of Government property as a result

of fire, theft, fraud, etc., shall be invariably reported to the Police for investigation
as early as possible where value of loss exceeds

A 10000/-
B 25000/-
C 50000/-
D 100000/-

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29) All loss of immovable property, such as buildings, communications, or other

works, caused by fire, flood, cyclone, earthquake or any other natural cause, shall
be reported at once by the subordinate authority concerned to Government
through the usual channel incase loss exceeds

A 25000/-
B 50000/-
C 100000/-
D 150000/-

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30) Pick the incorrect one regarding submission of any files categorized as ‘Secret’
or ‘Top Secret to Audit officer

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4/2/2019 General Financial Rules 2017 MCQ Questions and Answers - Study 2 Online

A It should not be submitted to Audit without prior concurrence of Government.

B It should be submitted as usual.
C It should be submitted to Audit in the presence of HoD
D It should personally be given to the Head of the Audit Office specifying this fact, who
will then deal with it in accordance with the standing instructions for handling and custody
of such classified documents.

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