Key to Expenditure Question Paper Appendix2 Exam 2023 WR

 

Key to Expenditure Question Paper Appendix2 Exam 2023 WR 

Click for Expenditure Question Paper 2023 of WR   

Section I

1.  Match the following:   (Marks 12 x 1=12) 

1	EPC		A	Registration of Bills
2	Plan Head 53		B	Traffic Facilities
3	CO 6		C	General Conditions of Contract
4	Cash Imprest		D	Engineering Procurement Construction
5	Primary Unit		E	Works chargeable to Capital
6	GeM		F	% of Gross Working Expenses to Gross Earnings
7	Plan Head 16		G	Government e Marketplace
8	GCC		H	Works Matters
9	ROR		I	Object of Expenditure
10	Operating Ratio		J	Petty Expenses
11	MSOP Part A		K	Control Over Cash Outgo
12	Exchequer Control		L	Customer Amenities

Answer: 

1	EPC		D	Engineering Procurement Construction
2	Plan Head 53		L	Customer Amenities
3	CO 6		A	Registration of Bills
4	Cash Imprest		J	Petty Expenses
5	Primary Unit		I	Object of Expenditure
6	GeM		G	Government e Marketplace
7	Plan Head 16		B	Traffic Facilities
8	GCC		C	General Conditions of Contract
9	ROR		E	Works chargeable to Capital
10	Operating Ratio		F	% of Gross Working Expenses to Gross Earnings
11	MSOP Part A		H	Works Matters
12	Exchequer Control		K	Control Over Cash Outgo

2. Fill in the Blanks      (16 Marks) 

1. Detailed estimates need not be prepared for works costing less than _______ 

2. Expenditure of Railway Staff College is chargeable to Demand No._________ 

3. Currency for the sanction to an Estimate is normally  _____ years 

4. Minimum Rate of Return expected for Railway Projects is _____ percent 

5. The Amount recoverable from Suppliers for the failure to supply the materials within due date is known as __________ 

6. Salary of Running Staff is booked to Demand No. ____ 

7. The Zonal Accounts Department is headed by ______ 

8. Abstract Z refers to ____________ Earnings   

Answers: 

1. Rs 5 Lakhs 

2. Erstwhile Demand No. 2 Miscellaneous Expenditure - General (Railway Staff College new name is NAIR - National Academy of Indian Railways)  .  If Zonal Training Centres, the answer is erstwhile Demand No.12 - Miscellaneous Working Expenses (SMH - Sub Major Head 10)

3. 5 years  ( 2 years - If work is not commenced)  

4. 10 

5. LD - Liquidated Damages 

6. Erstwhile Demand No. 08 - Operating Expenses - Rolling Stock & Equipment 

7. PFA - Principal Finance Advisor (In Railway Board - Member Finance.  In Division - Sr.DFM - Senior Divisional Finance Manager)

8. Sundry Other Revenue (Now Revenue is replaced the word Earnings)  .Abstract X - Coaching Traffic Revenue and Abstract Y - Goods Traffic Revenue

3. State Whether True or False:       (12 Marks)

SN	Statement	True / False
1	The object of performance guarantee in service tenders is to keep the offer of open till the finalization of Tenders
2	Revenue Allocation Register is maintained for exchequer control
3	PVC claim is applicable for Contracts above Rs.25 Lakhs
4	Expenditure on ceremonial occasion is normally charged to Revenue
5	Post Project appraisal is done through Productivity Test
6	In IPAS module bills are required to be pass at 3 levels
7	The checks exercised by Railway Accounts Office on financial transactions is called Internal Audit
8	M&P programme is budgeted under Plan Head 41
9	Two Packet system of tendering means submitting the Tender documents separately for Technical and financial bids
10	Arbitration is a mechanism to sort out the disputes arising out of implementation of Contract
11	Deposit works means works charged to Fixed Deposit under Contingency Fund of India
12	A Contract under which during the period of its currency, the Contractor engages to supply materials on Demand irrespective of the Quantity at fixed unit rate is called Rate Contract

Answers: 

1. False (Correct Answer is the Object of EMD is to keep the offer open till the finalization of Tender)

2. False 

3. False  (The Correct answer is Rs.2 Crores and above) 

4. True 

5. True

6.  

7. False (The Correct answer is Internal Check) 

8. True 

9. True 

10. True 

11. False 

12. True

4. Give the full forms of following: (Any 18)   (Marks 18 x 1=18) 

SN	Abbreviation/  Acronym	Expansion
1	IPAS	Integrated Payroll Accounting System
2	IRPSM	Indian Railways Projects Sanction & Management
3	GST	Goods & Services Tax
4	MSME	Micro Small & Medium Enterprises
5	RRSK	Rashtriya Rail Sanrakshak Kosh
6	DRF	Depreciation Reserve Fund
7	PVC	Price Variation Clause
8	HRMS	Human Resources Management System
9	DOP	Delegation Of Powers
10	RDSO	Research Designs & Standards Organization
11	CLW	Chittaranjan Locomotive Works
12	RSP	Rolling Stock Programme
13	EMD	Earnest Money Deposit
14	PBG	Performance Bank Guarantee
15	UDM	User Depot Module
16	GFR	General Financial Rules
17	DCF	Discount Cash Flow
18	IRWCMS	Indian Railways Works Contract Management System
19	NPV	Net Present Value
20	GTKM	Gross Tonne Kilo Meters
21	FIRR	Financial Internal Rate of Return

To be Continued…….