Today’s MCQ
9th October
17. As per preamble of MSOP, If PHOD is not posted, the ________ can exercise the powers of PHOD
A. PHOD of Sister Dept B. HOD nominated by GM C. Any HOD D. CHOD
Answer: D (Cordinated Head Of Department). MSOP means Model Schedule Of Powers.
18.For reverse auction two packet single stage system of tendering shall be followed for earnings Contracts _______________.
A. More than 5 Lakhs B. More than 50 Lakhs C. Irrespective of the value D. More than 1 Crore
8th October
16. IRIFM is situated at _________________
Vadodara B. Kolkata C. New Delhi D. Secunderabad
Answer : D (Secunderabad)
Material for above McQ
7th October
14. Adviser (in Railway Board) is redesignated as a _____________
Executive Director B. Principal Executive Director C. Additional Member
D. None of these
Answer: B (Principal Executive Director)
PED is in grade of HAG (Higher Administrative Grade).
That is the reason PHOD posts in HAG of Zonal Railways/PUs are
renamed as PFA, PCPO, PCMM etc.
15. The Commercial Accounts of Indian Railways are known as_________
Accrual Accounts B. Finance Accounts C. Capital & Revenue Accounts
D. Commercial Accounts
Answer: C (Capital & Revenue Accounts)
The Government Accounts of Indian Railways are known as Finance Accounts.
Accrual Accounts and Commercial Accounts are one and same.
6th October
12. Time elapsed from the date of realization of need of recoupment to the physical receipt of materials is termed as _______
Buffer time B. Interim period C. Contract period D. Lead time
Answer: D (Lead time)
13. Name the only coach which has given profits in Indian Railways ?
AC 3 tier B. AC 2 tier C. Sleeper class D. AC First class
Answer: A (AC 3 tier)
5th October
11. Zonal Plan Head Coordinator for PH 65 - Training/HRD is _______
PCE B. PCPO C. PFA D. PCOM
Answer B - PCPO
Material for Plan Head Coordinators for different PHs
30th September
9. Salary of PFA is
accounted under Sub Major Head ______ of Major Head 3002 - Indian Railways
Working Expenses (Commercial Lines)
A. 01
B.03 C. 05 D. 07
Answer: 1 (Erstwhile Demand No. 03 – General Superintendence
and Services)
·
Simple Rule is Erstwhile Demand Number
minus 2 = SMH – Sub Major Head Number
·
The above rule is applicable for
Erstwhile Demands 3 to 14 only
Material for above MCQ
Mapping of ErstwhileDemands with Sub Major Heads and Major Heads
10.
For Service contracts, Single
packet system of tendering up to Rs.50
Lakhs with normal eligibility criteria of 35% of value of similar nature of
work, 150% of turnover during last 3 financial years plus a liquidity turnover
of _________
A. 10 % B. 5% C. 20 %
D. 15 %
Answer: B 5%
Clickhere for GCC for Services
29th September, 2020
7. The
direct control over the affairs of all the Workshops including the Budgetary
control in a Zonal Railway rests with:
A.
Chief
Planning Engineer (CPE)
B.
Chief Rolling Stock Engineer(CRSE)
C.
Chief Motive Power Engineer(CMPE)
D.
Chief Workshop Engineer(CWE)
Answer:
D – Chief Workshop Engineer
CRSE - The
technical control over the Carriage and Wagon maintenance activities of all
depots, yards and open line in Zonal Railways
8. Process
Costing System is used in Production Units of:
A.
Rail Wheel Manufacture and Foundry
Accounts
B.
Carriage Workshops
C.
Wagon Workshops
D.
Component Workshops
Answer:
A. Rail wheel manufacture and Foundry Accounts
(Batch costing - for Rolling Stock Production and Component costing for manufacture of Rolling stock spares)
28th September, 2020
5.
Who
is responsible for watching of Canons of Financial Propriety ?
A. Accounts
officers B. GM/DRM C. Audit Officers D . None
of these
Answer: C
(Source: Para 116 of IR
Finance Code)
6. Performance Guarantee for Services Contract
is _______
A. 5 % B. 2 %
C. 10 % D. 20 %
Logic: There is no Security
Deposit provision in the Service Contracts.
Hence the PG – Performance Guarantee is 10 % in Service Contracts. However in Works Contracts, SD- Security
Deposit is 5 % and PG-Performance Guarantee is 5%.
25th September 2020
3. 3. Choose the order of the year of establishing the Railway Funds (chronological order)
A) Development Fund, Capital
Fund, IRFC , Railway Safety Fund, Depreciation Reserve Fund
B) Depreciation Reserve Fund,
Development Fund, Railway Safety Fund, Capital Fund, IRFC
C) Depreciation Reserve Fund, Development Fund, IRFC, Capital Fund,
Railway Safety Fund
D) Development Fund, Depreciation Reserve Fund, Railway Safety Fund,
Capital Fund, IRFC
Correct Answer : C) Depreciation Reserve Fund, Development
Fund, IRFC, Capital Fund, Railway Safety Fund
Information
for above MCQ
|
Funds |
code |
Established in year |
Remarks |
|
DRF- Depreciation Reserve Fund |
21 |
1924 |
Previous
name is Programme Revenue |
|
D.F – Development Fund I, II, III & IV |
23,33,43 & 53 |
1950 |
Previous
name is Betterment Fund |
|
IRFC (Indian Railway Finance Corporation) |
_ |
1986 |
It
is a PSU – owned by Ministry of Railways for financing the Rolling Stock |
|
C.F – Capital Fund |
25 |
1992 |
Established
in place of closed Railway Revenue Reserve Fund |
|
R.S.F – Railway Safety Fund |
26 |
2001 |
|
|
EBR (IF) Extra Budgetary Resources (Institutional
Finance) |
_ |
2016 |
|
|
RRSK (Rashtriya Rail SanrakshaKosh) |
29 |
2017 |
Though
it is not specified, it is a Second SRSF – Second Railway Safety Fund |
|
4. Which one among the following is incorrect?
A. EMD is 2% of the value of work, if the work value is up
to Rs. 1 Crore.
B. If value of work is beyond Rs. 1 Crore, the EMD is Rs.2 Lakh plus
0.5 % of the excess of the estimated cost of work beyond Rs. 1
Crore.
C. EMD of successful tenderer is retained as part of SD - Security
Deposit.
D. EMD is applicable to Open Tenders only Answer: D) EMD is applicable to Open Tenders only. Because EMD is applicable to all modes of Tenders such as Open, Limited, Single etc |
Information on EMD - Works
ü Earnest means – Showing sincere interest/serious in
participating the Tender process, if awarded executing the Work for
Organizations like Indian Railways.
ü EMD – Earnest Money Deposit – means an earnest payment as specific form of
Deposit to demonstrate that the applicant is serious/sincere to participate the
Tender work and complete the work for orgnisations like Indian Railways, if
awarded.
ü EMD Rates are as follows.
|
Value of the Work |
EMD Amount ( Rounded to
a nearest Rs.100) |
|
Up to Rs.1 Crore |
2 % of value of the
work |
|
Beyond Rs. 1 Crore |
Rs. 2 lakhs + 0.5 %
of the excess of the estimated cost of work beyond
Rs.1 Crore |
ü Maximum EMD is Rs. One Crore only.
Examples for
calculation of EMD under different circumstances: -
=======================================================
1. Value of Work - Rs. 25,60,520
2 % of
Rs.25,60,520 - Rs. 51,210
Answer is Rs. 51,200 /- (Rounded off to a nearest Rs.100)
=======================================================
2. Value of Work - Rs. 4,00,00,000 (
Rs. Four Crores)
|
First one Crore |
Rs.2,00,000 (Rs. Two
Lakhs) |
|
One Crore to Four
Crore ( 3 Crores) |
Rs.3 Crores x 0.5 %
= Rs. 1,50,000 (Rs.1.5 Lakhs) |
|
For Value of Rs.4
Crores |
Rs.2 Lakhs plus
Rs.1.5 Lakhs = Rs.3.5 Lakhs |
=======================================================
3. Value of Work - Rs. Two Hundred
Crores
|
First one Crore |
Rs.2,00,000 (Rs. Two
Lakhs) |
|
One Crore to Two
Hundred Crore ( 199 Crores) |
Rs.199 Crores x 0.5
% = Rs.99,50,000 |
|
For Value of Rs.200
Crores |
Rs.2,00,000 plus
Rs.99,50,000 = Rs.1,01,50,000. However maximum EMD is Rs.1
Crore. So EMD is
Rs.1,00,00,000/- ( Not
Rs.1,01,50,000) |
=======================================================
ü EMD is applicable to all modes of Tenders such
as Open, Limited, Single etc.
ü Exemption for Submission of EMD – Firms recognized
as “STARTUPS” by DIPP (Dept of Industrial Policy & Promotion.
ü EMD of Successful Tenderer – Retained as part
of Security Deposit. But Railway shall return the EMD, if a Successful Tenderer submit
“Term Deposit Receipt (TDR) / Bank Guarantee Bond towards the Full Security
Deposit.
ü EMD shall be deposited in Cash (through
E-Payment Gateway) or as mentioned in Tender documents.
ü EMD of unsuccessful Tenderers – Returned to
them. But Railway is not liable to pay the depreciated value, if any or any
interest on EMD.
ü Forfeit of EMD:
1. If the successful tenderer unable to submit
the PG – Performance Guarantee within validity of time, or
2. If the successful Tenderer resile/abandon from
his offer, Or
24th
September, 2020
1. A Station
Balance Sheet is a _________account of a Station Master.
A) Railway B) Personal
C) Station D) Traffic
Correct
Answer is B) Personal
Explanation:
·
The
rule of Personal Account is “Debit the Receiver and Credit the Giver” Here Station Master is responsible for what
he receives Cash and vouchers at Booking office of his Station, so it is
debited.
·
At the same time, he relinquishes his responsibility
by sending the Cash and Vouchers to the Traffic Accounts Office through Cash
office. So credited.
2. Salary of
DSK at Engineering Stores Depot in Zonal Rly was chargeable to ___________
A) Erstwhile Demand No. 12/ SMH 10
B) Erstwhile Demand No. 07/ SMH 5
C) Erstwhile Demand No. 04/ SMH 2
D) Erstwhile Demand No. 03/ SMH 1
Correct Answer is D) Erstwhile Demand No. 03
/Sub Major Head 1
Explanation:
·
Name of the
Erstwhile Demand No.03 /Sub Major Head 1 is “General Superintendence and Services”
. It consists of two branches A) General
Superintendence B) Services. Out of all the Depts,
Personnel, Accounts and Stores are comes under “Services”. So pay and allowances of staff working under
these three depts are chargeable to erstwhile Demand No. 03 only, irrespective
of whether they are working in GM office/DRM office or elsewhere (field
offices).
·
Remaining
Depts (Other than Personnel, Accounts & Stores)are on functional lines and
directly attributable to running of Trains. So Pay and allowances of field
staff of these Depts are charged to erstwhile Demands Nos 4 to 10. However the administrative staff of all Depts (In GMs office and DRMs Offices) are chargeable to Erstwhile Demand No. 03/SMH 01, because they are come under “General
Superintendence”.
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