1:-Under which article of the Constitution of India, Budget is presented in the State Assembly
A:-Art 204
B:-Art 202
C:-Art 243 C
D:-Art 112
Correct Answer:- Option-B
2:-The Contingency Fund of the State has been created under which article of the Constitution of India?
A:-Art 202
B:-Art 112
C:-Art 267 (2)
D:-Art 205
Correct Answer:- Option-C
3:-Under whose disposal is the Contingency Fund of the State Government?
A:-The Chief Minister
B:-The Governor
C:-The Finance Minister
D:-The Chief Secretary to Government
Correct Answer:- Option-B
4:-According to the five-tier system of classification of Government accounts which forms the second tier of classification?
A:-Minor head
B:-Major head
C:-Sub head
D:-Detailed head
Correct Answer:- Option-B
5:-Whose approval is necessary for the introduction of a new major head?
A:-The Accountant General (Accounts and Entitlements)
B:-The Accountant General (Audit)
C:-The Comptroller and Auditor General of India
D:-Ministry of Finance, Government of India
Correct Answer:- Option-C
6:-What is the sole legal authority for incurring expenditure from the consolidated Fund?
A:-Appropriation Act
B:-Appropriation Bill
C:-Finance Bill
D:-Vote on account
Correct Answer:- Option-A
7:-Which marks the conclusion of the second stage of the budgetary cycle?
A:-Execution of Budget
B:-Preparation of Budget
C:-Review of Budget
D:-Passing of Budget
Correct Answer:- Option-D
8:-Which Legislative Committee is responsible to suggest alternative policies in order to bring about efficiency and economy in administration?
A:-Committee on Estimates
B:-Committee on Public Accounts
C:-Committee on Public Undertakings
D:-Subject Committee
Correct Answer:- Option-A
9:-In a parliamentary system of Government, control over expenditure is exercised by
A:-Legislature, Judiciary and Audit
B:-Executive, Judiciary and Audit
C:-Legislature and Audit
D:-Legislature, Executive and Audit
Correct Answer:- Option-D
10:-In which budget document the statement showing the assets and liabilities of Government is included?
A:-Annual Financial Statement
B:-Detailed Budget Estimates of Revenue
C:-Explanatory Memorandum on the Budget
D:-Demand for grants and detailed Budget Estimates
Correct Answer:- Option-C
11:-Which Department is authorized to issue Kerala Budget Manual?
A:-General Administration Department
B:-Personnel and Administrative Reforms Department
C:-Finance Department
D:-State Audit Department
Correct Answer:- Option-C
12:-Review of Budget is done by
A:-The Accountant General (Audit)
B:-The Chief Secretary to Government
C:-The Finance Minister
D:-Legislative Committee
Correct Answer:- Option-D
13:-Under which part of the Government accounts the transactions relating to debt, deposits, advances, remittances and suspense are included?
A:-Part IV
B:-Part II
C:-Part III
D:-Part I
Correct Answer:- Option-C
14:-In the Public account which capital letter refers to Remittances?
A:-L
B:-M
C:-J
D:-K
Correct Answer:- Option-B
15:-Each major head is allotted a code no which is a ____________ digit Arabic number for identification. A:-Four
B:-Two
C:-Three
D:-Five
Correct Answer:- Option-A
16:-Letter of credit is issued for ___________ months at a time.
A:-Six months
B:-Four months
C:-Two months
D:-Three months
Correct Answer:- Option-D
17:-The estimates of expenditure not charged on the Consolidated Fund of the State are submitted to the Assembly in the form of
A:-New Schemes
B:-Explanatory memorandum
C:-Demand for grants
D:-Appropriation bill
Correct Answer:- Option-C
18:-Expenditure on leave travel concession to the staff should be debited to the detailed head
A:-Travel expenses
B:-Salaries
C:-Office expenses
D:-Other charges
Correct Answer:- Option-B
19:-A subject administered by the State Government on behalf of the Union Government is known as
A:-Agency Subject
B:-Fiscal Services
C:-Deposit Account
D:-Union Subject
Correct Answer:- Option-A
20:-The Contingency Fund of the State is held by
A:-The Minister Finance
B:-The Chief Secretary to Government
C:-The Accountant General (A & E)
D:-The Secretary to Government, Finance Department
Correct Answer:- Option-D
21:-Annual Financial Statement is presented in the legislative Assembly by
A:-The Chief Secretary to Government
B:-The Finance Secretary to Government
C:-The Minister Finance
D:-The Chief Minister
Correct Answer:- Option-C
22:-The amount of estimate in respect of each detailed head of account should be rounded to the
A:-Nearest thousand
B:-Nearest hundred
C:-Nearest ten
D:-No rounding is necessary
Correct Answer:- Option-B
23:-Government accounts are kept in
A:-Four parts
B:-Three parts
C:-Two parts
D:-Six parts
Correct Answer:- Option-B
24:-Who is the Estimating Officer in respect of the All India Services Provident Fund?
A:-Finance Department
B:-Accountant General
C:-Director of Treasuries
D:-General Administration (Special A) Department
Correct Answer:- Option-B
25:-A grant made by the Legislative Assembly to regularise expenditure incurred on any previous financial year over and above the amounts granted for a service during that is known as
A:-Excess grant
B:-Supplementary grand
C:-Additional grant
D:-Special grant
Correct Answer:- Option-A
26:-Transfer of funds from one unit of appropriation to another such unit is known as
A:-Additional grant
B:-Reappropriation
C:-Appropriation control
D:-Supplementary grant
Correct Answer:- Option-B
27:-Under which demand comes 2014-Administration of Justice
A:-Demand No XX
B:-Demand No XV
C:-Demand No VII
D:-Demand No III
Correct Answer:- Option-D
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