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Objective Questions

Latest Mizoram PSC UDC Exam Question (Objective Questions), MCQ in English

Subjects : General Financial Rules, 2017, Delegatron of Fmanclal Powers Rules, 1978 and re-delegation under the rules, Mizoram State Government Employees Group Insurance Scheme, 2074 as amended, The Mizoram New Defined Contibutory Pension Scheme, 2010 as amended

Question Bank Mizoram PSC UDC Exam Paper III - English
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General Financial Rules, 2017

Question 1Single Answer
General Financial Rules (GFR), 2017 are applicable to?
  1. A
    Central Government only
  2. B
    State Governments only
  3. C
    Both Central and State Governments
  4. D
    Private sector
Question 2Single Answer
GFR, 2017 is issued by?
  1. A
    RBI
  2. B
    NITI Aayog
  3. C
    Ministry of Finance
  4. D
    CAG
Question 3Single Answer
GFR, 2017 primarily governs?
  1. A
    Financial management and expenditure
  2. B
    Criminal law
  3. C
    Election process
  4. D
    Banking operations
Question 4Single Answer
The basic objective of GFR is to ensure?
  1. A
    Political control
  2. B
    Banking regulation
  3. C
    Private investment
  4. D
    Financial discipline and transparency
Question 5Single Answer
GFR applies to all Government transactions involving?
  1. A
    Private funds
  2. B
    Foreign funds only
  3. C
    NGO funds
  4. D
    Public money
Question 6Single Answer
Chapter I of GFR deals with?
  1. A
    General provisions
  2. B
    Budget preparation
  3. C
    Audit rules
  4. D
    Pension rules
Question 7Single Answer
GFR emphasizes the principle of?
  1. A
    Personal discretion
  2. B
    Economy and efficiency
  3. C
    Unlimited spending
  4. D
    Political approval
Question 8Single Answer
Under GFR, every Government expenditure must be?
  1. A
    Secret
  2. B
    Properly authorized
  3. C
    Random
  4. D
    Optional
Question 9Single Answer
GFR ensures that public money is used for?
  1. A
    Private benefit
  2. B
    Personal gain
  3. C
    Political benefit
  4. D
    Public purpose only
Question 10Single Answer
Chapter I of GFR includes provisions relating to?
  1. A
    Election law
  2. B
    Criminal procedure
  3. C
    Taxation
  4. D
    Definitions and applicability
Question 11Single Answer
GFR requires observance of financial propriety meaning?
  1. A
    Personal interest
  2. B
    Avoidance of wasteful expenditure
  3. C
    Political spending
  4. D
    Unlimited spending
Question 12Single Answer
Financial propriety under GFR ensures?
  1. A
    Wasteful expenditure
  2. B
    Value for money
  3. C
    Private benefit
  4. D
    Hidden spending
Question 13Single Answer
GFR mandates that no expenditure should be incurred without?
  1. A
    Media approval
  2. B
    Public vote
  3. C
    Authority
  4. D
    Employee request
Question 14Single Answer
Chapter I defines basic principles of?
  1. A
    Financial administration
  2. B
    Criminal law
  3. C
    Election rules
  4. D
    Banking laws
Question 15Single Answer
GFR ensures responsibility of expenditure lies with?
  1. A
    Public
  2. B
    Media
  3. C
    Competent authority
  4. D
    Contractors
Question 16Single Answer
Under GFR, economy means?
  1. A
    Minimum cost with efficiency
  2. B
    Maximum spending
  3. C
    Political spending
  4. D
    Random expenditure
Question 17Single Answer
GFR requires maintenance of proper?
  1. A
    Political records
  2. B
    Accounts
  3. C
    Election data
  4. D
    Media reports
Question 18Single Answer
Public money under GFR must be used only for?
  1. A
    Private use
  2. B
    Personal benefit
  3. C
    Business investment
  4. D
    Approved Government purposes
Question 19Single Answer
GFR emphasizes accountability of?
  1. A
    Private citizens
  2. B
    Government officers
  3. C
    Media persons
  4. D
    Contractors
Question 20Single Answer
Chapter I includes provisions on?
  1. A
    Budget fraud
  2. B
    Election conduct
  3. C
    Criminal punishment
  4. D
    Financial discipline
Question 21Single Answer
GFR is applicable to expenditure from?
  1. A
    Private funds
  2. B
    Consolidated Fund of India
  3. C
    NGO funds
  4. D
    Foreign funds
Question 22Single Answer
Chapter I lays down general rules for?
  1. A
    Financial management
  2. B
    Tax collection
  3. C
    Banking operations
  4. D
    Criminal trials
Question 23Single Answer
GFR ensures transparency in?
  1. A
    Private deals
  2. B
    Election campaigning
  3. C
    Government spending
  4. D
    Business trade
Question 24Single Answer
Under GFR, authority for expenditure must be?
  1. A
    Delegated properly
  2. B
    Assumed
  3. C
    Hidden
  4. D
    Random
Question 25Single Answer
Chapter I of GFR is mainly concerned with?
  1. A
    Tax rules
  2. B
    Audit objections
  3. C
    Definitions and principles
  4. D
    Pension rules
Question 26Single Answer
GFR promotes efficient use of?
  1. A
    Public funds
  2. B
    Private funds
  3. C
    NGO funds
  4. D
    Foreign aid only
Question 27Single Answer
Financial control under GFR is exercised by?
  1. A
    Public
  2. B
    Media
  3. C
    Contractors
  4. D
    Government system
Question 28Single Answer
GFR ensures avoidance of?
  1. A
    Efficiency
  2. B
    Wasteful expenditure
  3. C
    Transparency
  4. D
    Accountability
Question 29Single Answer
Chapter I defines scope of application of?
  1. A
    Criminal law
  2. B
    Banking law
  3. C
    Election law
  4. D
    Financial rules
Question 30Single Answer
GFR mandates that expenditure should be incurred only when?
  1. A
    Necessary and authorized
  2. B
    Personally desired
  3. C
    Politically beneficial
  4. D
    Media approved
Question 31Single Answer
Chapter 2 of GFR deals with?
  1. A
    Audit objections
  2. B
    Pension rules
  3. C
    General principles of expenditure
  4. D
    Conduct rules
Question 32Single Answer
Under Chapter 2, expenditure must be?
  1. A
    Arbitrary
  2. B
    Justified
  3. C
    Hidden
  4. D
    Political
Question 33Single Answer
GFR requires that no expenditure is incurred unless it is?
  1. A
    Essential
  2. B
    Optional
  3. C
    Private
  4. D
    Secret
Question 34Single Answer
Principle of GFR includes ensuring expenditure is?
  1. A
    Prudent
  2. B
    Wasteful
  3. C
    Random
  4. D
    Personal
Question 35Single Answer
Chapter 2 emphasizes control over?
  1. A
    Public expenditure
  2. B
    Private money
  3. C
    Business profit
  4. D
    NGO funds
Question 36Single Answer
GFR requires that authority sanctioning expenditure must ensure?
  1. A
    Political gain
  2. B
    Media approval
  3. C
    Personal benefit
  4. D
    Economy and efficiency
Question 37Single Answer
Under GFR, payment of money must be made?
  1. A
    Without records
  2. B
    Informally
  3. C
    Randomly
  4. D
    Through proper procedure
Question 38Single Answer
Chapter 2 ensures accountability in?
  1. A
    Election funding
  2. B
    Private business
  3. C
    Government payments
  4. D
    Banking loans
Question 39Single Answer
GFR states that expenditure should not exceed?
  1. A
    Unlimited amount
  2. B
    Political demand
  3. C
    Private income
  4. D
    Budget provision
Question 40Single Answer
Chapter 2 requires verification before?
  1. A
    Salary increase
  2. B
    Transfer
  3. C
    Promotion
  4. D
    Payment of money

Delegatron of Fmanclal Powers Rules, 1978 and re-delegation under the rules

Question 41Single Answer
Delegation of Financial Powers Rules, 1978 are issued under authority of?
  1. A
    Constitution of India
  2. B
    Audit Rules
  3. C
    Fundamental Rules
  4. D
    General Financial Rules
Question 42Single Answer
Main purpose of Delegation of Financial Powers Rules, 1978 is to?
  1. A
    Centralize all powers
  2. B
    Transfer judicial powers
  3. C
    Remove financial control
  4. D
    Decentralize financial decision-making
Question 43Single Answer
Under Delegation of Financial Powers, powers are delegated to?
  1. A
    Private bodies
  2. B
    Government officers
  3. C
    Contractors
  4. D
    NGOs
Question 44Single Answer
Delegation of financial powers aims to achieve?
  1. A
    Administrative efficiency
  2. B
    Delay in decision making
  3. C
    Political control
  4. D
    Judicial review
Question 45Single Answer
Financial powers are generally exercised by?
  1. A
    Only Parliament
  2. B
    Private companies
  3. C
    Competent authorities
  4. D
    Courts
Question 46Single Answer
Delegation means transfer of?
  1. A
    Responsibility only
  2. B
    Authority to act
  3. C
    Ownership
  4. D
    Law-making power
Question 47Single Answer
Re-delegation refers to further delegation by?
  1. A
    Parliament
  2. B
    Higher authority
  3. C
    Courts
  4. D
    Lower authority
Question 48Single Answer
Delegation of Financial Powers Rules apply to?
  1. A
    Central Government
  2. B
    Private sector
  3. C
    NGOs
  4. D
    State legislatures only
Question 49Single Answer
Financial powers include powers related to?
  1. A
    Expenditure and sanctions
  2. B
    Criminal cases
  3. C
    Elections
  4. D
    Judiciary
Question 50Single Answer
Delegation improves?
  1. A
    Speed of decision making
  2. B
    Delay in work
  3. C
    Corruption
  4. D
    Litigation
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