Stores MCQ - Multiple choice questions

	Stores - MCQ
S.N.	Multiple Choice Questions	ANSWER
1	Th Under Book Examination clause, Supplier or its agency is bound to allow examination of its books within a period of ______ from the date the notice is received by the Supplier or its agencies. A (A) 120  days  (B) 60 days  (C) 30 days  (D) 45 days
2	EMD rounded off to nearest higher _______ in Stores Contracts (A) Rs.10   (B) Re 1  (C) Rs.100   (D) Rs.5
3	EMD is Nil up to the _______Value of Stores Tender  (A)  Rs.10 Lakhs  (B) Rs. 1 Lakh  (C) Rs. 20 Lakhs   (D) Rs.5 Lakhs
4	EMD is exempted in Stores Tenders at Hqrs level with prior approval of Authority competent to accept  the Tender, but not level below of _________ (A) PCMM   (B) CMM   (C) GM   (D) Dy.CMM
5	Supplier has to deposit SD within __________ of issue of LOA – Letter of Acceptance.  (A) 30 days    (B) 10 days  (C) 14 days   (D) 5 days
6	SD in Stores contracts is exempted up to the value of Contract ______ (A)  Rs 25 Lakh  (B) Rs. 5 Lakh   (C) Rs. 10 Lakhs  (D) None of the above
7	EMD is exempted in Stores Tenders at Field unit (Divisions, Depots) level with prior approval of Authority competent to accept  the Tender, but not level below of ________ (A) HAG officer   (B) JA Grade Officer  (C) SAG Officer  (D) None of the above
8	Under the Option clause, purchaser (i.e., Railways) reserves the right to increase and/ or decrease the order quantity by a quantity not exceeding ________ of the ordered quantity.   (A)   20 %  (B) 10 %  (C) 30 %   (D) 5 %
9	Letter of Credit (LC) apply for Stores tenders having an estimated value of ____or above (A)Rs. 50 Lakhs  (B) Rs. 20 Lakhs  (C) Rs.15 Lakhs   (D) Rs. 10 Lakhs
10	_______  to assess the value and terms & conditions of LC.  (A)  Any Scheduled Bank  (B) State Bank of India  (C)  Andhra Bank (D) SBI & any scheduled Bank
11	The incidental costs i.e., _____ of Contract value towards issue and operation of LC shall be borne by the supplier /contractor. (A)   0.15 % (B) 1 %  (C) 0.5%   (D) 0.05%
12	Part ___  of Model SOP is dealt with delegation of Stores powers.  (A)  A  (B) B  (C) C  (D)  D
13	Head of Stores Dept at Railway Board is _________ (A)  Member /Traction & Rolling Stock  (B) Member/Engineering  (C)  DG(RS)- Director General of Railway Stores  (D) None of these
14	Track fittings are purchased by ______ Dept. (A)  Stores  (B) Traffic  (C) Engineering  (D) Mechanical
15	Dead Surplus Stores comprise items of stores which have not been issued for 24 months and which, it is considered, are not likely to be utilised on any railway within next _______   (A)  One year  (B) Two years (C) Three years   (D) Five years
16	Vetting of Safety/Passenger necessity items is required for value of ________ and above. (A)   Rs. 2.5 Lakhs (B) Rs.10 Lakhs   (C) Rs.20 Lakhs  (D) Rs. 1 Lakh
17	Vetting of other than Safety/Passenger necessity items is required for value of ________ and above. (A)   Rs. 2.5 Lakhs (B) Rs.20 Lakhs   (C) Rs.10 Lakhs  (D) Rs. 1 Lakh
18	Two Member Tender committee (Sr.scale officer of Stores Dept as Convener & Sr.Scale officer of Accounts Dept) for Tenders valued ____________________ (A) Rs.25 Lakhs to Rs.50 Lakhs   (B)  Rs.10 Lakhs to Rs.50 Lakhs (C) Rs.50 Lakhs to Rs. 1 Crore  (D)  Rs.25 Lakhs to Rs. 1 Crore
19	Three Member Tender committee (Dy.CMM/Sr.DMM of Stores Dept as Convener & JAG/SG officer of Indenting Dept  and JAG/SG officer of Accounts Dept) for Tenders (other than Track items) valued ____________________ (A) Rs. 1 Crore to Rs.10 Crore   (B) Rs.5 Crores to Rs.10 Crore (C) Rs. 1 Crore to Rs. 5 Crore  (D)  Rs. 5 Crore to Rs. 20 Crore
	Note: If it is Track item, Dy.CE is Convenor and Dy.CMM as third Member.  All other rules are same.
20	GM can accept the Tenders valued _____________ (A)  Up to Rs.500 Crores  (B) Full powers (No limit) (C) Up to Rs. 200 Crores (D) Up to Rs. 250 Crores

	Stores - MCQ - Answers
S.N.	Multiple Choice Questions	ANSWER
1	Th Under Book Examination clause, Supplier or its agency is bound to allow examination of its books within a period of ______ from the date the notice is received by the Supplier or its agencies. A (A) 120  days  (B) 60 days  (C) 30 days  (D) 45 days	(B)
2	EMD rounded off to nearest higher _______ in Stores Contracts (A) Rs.10   (B) Re 1  (C) Rs.100   (D) Rs.5	(A)
3	EMD is Nil up to the _______Value of Stores Tender  (A)  Rs.10 Lakhs  (B) Rs. 1 Lakh  (C) Rs. 20 Lakhs   (D) Rs.5 Lakhs	(D)
4	EMD is exempted in Stores Tenders at Hqrs level with prior approval of Authority competent to accept  the Tender, but not level below of _________ (A) PCMM   (B) CMM   (C) GM   (D) Dy.CMM	(A)
5	Supplier has to deposit SD within __________ of issue of LOA – Letter of Acceptance.  (A) 30 days    (B) 10 days  (C) 14 days   (D) 5 days	(C)
6	SD in Stores contracts is exempted up to the value of Contract ______ (A)  Rs 25 Lakh  (B) Rs. 5 Lakh   (C) Rs. 10 Lakhs  (D) None of the above	(A)
7	EMD is exempted in Stores Tenders at Field unit (Divisions, Depots) level with prior approval of Authority competent to accept  the Tender, but not level below of ________ (A) HAG officer   (B) JA Grade Officer  (C) SAG Officer  (D) None of the above	(C)
8	Under the Option clause, purchaser (i.e., Railways) reserves the right to increase and/ or decrease the order quantity by a quantity not exceeding ________ of the ordered quantity.   (A)   20 %  (B) 10 %  (C) 30 %   (D) 5 %	(C)
9	Letter of Credit (LC) apply for Stores tenders having an estimated value of ____or above (A)Rs. 50 Lakhs  (B) Rs. 20 Lakhs  (C) Rs.15 Lakhs   (D) Rs. 10 Lakhs	(D)
10	_______  to assess the value and terms & conditions of LC.  (A)  Any Scheduled Bank  (B) State Bank of India  (C)  Andhra Bank (D) SBI & any scheduled Bank	(B)
11	The incidental costs i.e., _____ of Contract value towards issue and operation of LC shall be borne by the supplier /contractor. (A)   0.15 % (B) 1 %  (C) 0.5%   (D) 0.05%	(A)
12	Part ___  of Model SOP is dealt with delegation of Stores powers.  (A)  A  (B) B  (C) C  (D)  D	(D)
13	Head of Stores Dept at Railway Board is _________ (A)  Member /Traction & Rolling Stock  (B) Member/Engineering  (C)  DG(RS)- Director General of Railway Stores  (D) None of these	(A)
14	Track fittings are purchased by ______ Dept. (A)  Stores  (B) Traffic  (C) Engineering  (D) Mechanical	(A)
15	Dead Surplus Stores comprise items of stores which have not been issued for 24 months and which, it is considered, are not likely to be utilised on any railway within next _______   (A)  One year  (B) Two years (C) Three years   (D) Five years	(B)
16	Vetting of Safety/Passenger necessity items is required for value of ________ and above. (A)   Rs. 2.5 Lakhs (B) Rs.10 Lakhs   (C) Rs.20 Lakhs  (D) Rs. 1 Lakh	(B)
17	Vetting of other than Safety/Passenger necessity items is required for value of ________ and above. (A)   Rs. 2.5 Lakhs (B) Rs.20 Lakhs   (C) Rs.10 Lakhs  (D) Rs. 1 Lakh	(A)
18	Two Member Tender committee (Sr.scale officer of Stores Dept as Convener & Sr.Scale officer of Accounts Dept) for Tenders valued ____________________ (A) Rs.25 Lakhs to Rs.50 Lakhs   (B)  Rs.10 Lakhs to Rs.50 Lakhs (C) Rs.50 Lakhs to Rs. 1 Crore  (D)  Rs.25 Lakhs to Rs. 1 Crore	(C)
19	Three Member Tender committee (Dy.CMM/Sr.DMM of Stores Dept as Convener & JAG/SG officer of Indenting Dept  and JAG/SG officer of Accounts Dept) for Tenders (other than Track items) valued ____________________ (A) Rs. 1 Crore to Rs.10 Crore   (B) Rs.5 Crores to Rs.10 Crore (C) Rs. 1 Crore to Rs. 5 Crore  (D)  Rs. 5 Crore to Rs. 20 Crore	(A)
	Note: If it is Track item, Dy.CE is Convenor and Dy.CMM as third Member.  All other rules are same.
20	GM can accept the Tenders valued _____________ (A)  Up to Rs.500 Crores  (B) Full powers (No limit) (C) Up to Rs. 200 Crores (D) Up to Rs. 250 Crores	(B)

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