Question
Bank for LDCE of Accounts Dept-Paper I
By Shri Mohd. Afzaluddin, Sr.AFA/SCR
SECTION :A [50
Marks]
General
knowledge,English,Official Language Policy
(Need to attempt questions up
to a maximum of 50 marks from these topics)
I. General
Knowledge
1.
Current affairs
2.
Indian Railways
3.
Abbreviations
4.
Books and Authors
5.
Persons and places associated with
6.
Inventions & Discoveries
7.
Functions of Instruments/Apparatus
8.
Who is who
9.
Indian History and geography
10.
Famous committees
II. General English
1.
Essay writing
2.
Paragraph writing
3.
Distinguish between words like ‘Compliment &
Complement’etc
4.
Correct spelling
5.
Idioms and Phrases, Synonyms and Antonyms
6.
Making sentences, One word answers
7.
Common legal/Latin words used in English
8.
Re Write as directed
a. Active
voice-Passive voice
b. Change
the tense
c. Direct
indirect speech
d. Degrees
of Comparison
e. Change
of sentence by using “too,to” ; “so, that” etc
III. Official Language- 15 Marks
(This is generally clubbed with Essay writing
as an optional question)
1. Official
Language Policy Implementation on IR. What
are the Steps being taken to promote use of Hindi in Railways?
2. Write
briefly about Official Language Act and Rules? Write briefly about Rajbasha as
a link language in a multilingual country?
3. What
are the duties and responsibilities of the Mukhya Rajbasha Adhikari of a Zonal
Railway?
4. What
are the incentives given to Railway employees on promotion of Rajbhasha Policy
including for passing Hindi prabodh, Praveen and pragya examinations?
5. What
are the salient features of the official language policy of government of India
as per the official languages Act 1963? Name the states which fall in A,B,C
regions and why was it necessary to make different regions for implementation
of Official languages Act 1963?
Section-B
[50 Marks]General Principles of Govt Accounting &
Auditingwith Spl reference to Railways
1. Briefly
explain any three Parameters that indicate the financial health of a Railway
and Mention their Limitations. How are they worked out?
2. “The
Dual policy of following the Commercial and Govt Accounting Principles has made
the Railway organization like one falling between two stools”. Comment on the
statement duly explaining the structure of Railway Accounts, the linking heads
of Accounts of Government & commercial accounting and its strengths &
weaknesses.
3. Explain
briefly the meaning and purpose of Suspense Accounts maintained in the
Railways? Why are these reconciled with
general books and reviewed periodically? Mention, for any five Important
Suspense heads, the points that are looked into at the time of reviews?
4. Define
Operating Ratio and distinguish it from performance efficiency Index calculated
for
Divisions. Do you recommend the latter for judgingZonal Railways ‘performance too? Can the Operating ratio be used to compare theperformance of two Zonal Railways?
Based on the data relating to ABC Railway (data to be
given/assumed) over three years from which please Compute
[i] operating Ratio, [ii] Surplus/short fall (iii) Net
Revenue
5. “Indian
Railways slowly and steadily inching towards a state of Privatization and over-
financing its projects from EBR and EBR IF which may lead to bankruptcy or
financial disaster”. Substantiate the statement. What are the reasons for such
situation and how can such a calamity be averted?
6. “In
recent times there has been an increasing shift towards accrual accounting as
distinct from cash accounting in Governments. While developing countries have
gone in for some Aspects of accrual accounting as basis for budgeting and
reporting, the international systems for compiling government finance
statistics and National Accounts are wholly on accrual basis. The Government of
India is also considering such a move”
This was a view expressed by a former FC of Railways;
please evaluate the virtues of switchover and the arguments against accrual
accounting. What are the significant changes made in the process of
implementing accrual accounting?
7. Thepublic accounts committee of Parliament has repeatedly criticized themisclassification in Accounts and mistakes in Budgeting. Analyze the causes formisclassification in accounts and Mistakes in budgeting? Suggest appropriatemeasures to reduce if not eliminate them?
8. Distinguish
Between Internal Audit and External Audit. Give Suggestions as to how Internal
Audit can be strengthened and streamlined to enable meaningful introspection.
9. How
is parliamentary control over railway finances exercised? Explain how the
accounting Classification and the rules of allocation enable the exercise of
parliamentary control over Expenditure?
10. What
is the object of preparing Appropriation Accounts? What are the various
annexure accompanying Appropriation accounts? What is the information given
therein and how is the Variations Explained?
11. (a)
What is Statutory Audit? How are results
of Statutory Audit communicated and how each one of them is dealt and disposed
off?
Highlight some of the Audit Paras included in the latest
CAG Report pertaining to your Railway.
Comment whether the objection/criticism of the Audit is
constructive? If yes, why yes? and if
no, why no?.
OR
The C&AG has taken a serious note of huge
unsanctioned expenditure on IR by including a para in the CAG Report 2017-18.
Comment on the reasons for such high increase of unsanctioned expenditure. How
to minimize the incurrence and regularize such unsanctioned expenditure?
12. Whatare various Indices used to judge performance of the Railways? Explain brieflyeach one of them. How operating ratio is worked out? Is it a reliable index forjudging the efficacy of a Railway?
13. Bring
out the details of impact of merger of Railway budget with General budget?
14. What
is the need for Audit when Account Department on Railways performs the function
of Internal Check and Internal Audit.
For Bit questions
please see at the end of Paper
Section- C
[50 Marks]
Books and Budget [ including Traffic Book]
1. (a)
What are various sources of funds being operated on Indian Railways? Explain the sources of credit to these funds
and rules governing debiting of these funds? (b) Is DRF under provided on IR?
(c) Rules (extant) governing RRSK
2. What
are General Books and Subsidiary Books being maintained by Railways? Explain the purpose for maintaining each one
of them. Can some of them be dispensed
with? If so, list and enumerate the reasons.
3. What
are the latest developments in processing the Monthly/Annual Accounts of
Railways?
4. What
do you understand by Intra Railway and Inter Railway Transactions? What do you
understand by E-recon? What are its
advantages and shortcomings? Suggest
measures for effective and successful implementation of E-recon.
5. Explain
Traffic Book and its parts. What are the
provisions relating to apportionment of earnings among Railways? Can we dispense with apportionment of
earnings considering the fact that IRs is under one management?
6. What
are the latest developments in processing the Railway Budget and its control?
7. What
do you understand by IRPSM? How does it
help in compilation of Capital Budget and financial appraisal of railway
works/projects? What are its advantages
and shortcomings? How can the process be
improved?
8. Explainwhy approximate account current was dispensed and single accountimplementation, giving the details of road map for generating of Single AccountCurrent.
9. What
do you understand by Remittance Transactions? Write briefly about various
Suspense heads operated for accountal of Remittance transactions.
10. Explain
CIPS. How does it function? What are its advantages and limitations?
15. Describe
the procedure adopted for remittances of station collections to cash office and
its further dispatch to the Reserve bank of India. How is it ensured that
earnings are properly credited to the Railway Accounts?
16. What
is Cash in Transit? What are its
components? What is the implication of
huge Cash in Transit? Suggest some measures
for keeping the Cash in Transit at the barest minimum.
17. What
are the various elements of Non Fare Revenue? Suggest some measures for
improvement in the process for generation of more NFR.
18. What
are the functions of Cash and Pay office?
Suggest some measures for minimizing the cash handling both at Pay and
Cash offices. Whether cash pick up from stations by SBI is useful/economical to
railways. What are the difficulties in the process? How can we ensure that the
cash so collected by the Bank is deposited in the Railways Account promptly and
stipulated time?
19. What
is Door step banking? How does it reduce the Cash in Transit?
20. What
is IPAS? What are its
constituents/modules? How is the software useful in day to day discharge of
Accounts functions? What are your
suggestions for effective implementation? What are the modules which are yet to
be implemented on Indian Railways?
21. It
is seen that the Balances and RIB & C&B is alarming. Discuss the
reasons for it. How can we bring the balances to current? Whether CIPS is
useful in maintaining the balances efficiently?
22. Examine
critically the system of preparing Budget estimates with special reference to
any of the Demands (other than Demand no. 16).
23. What
are Capital and Revenue Accounts? What purpose do they serve and how are they
compiled?
24. What
do you understand by Re-appropriation of funds? What are the extant powers of
General Manager for Re-appropriation? What are the areas where re-appropriation
is not permissible?
25. After
computerization is there any need for reconciliation of general books with
subsidiary books like RAR etc. Support your answer with reasons.
26. Short
Notes
Distinguish
between
1.
Appropriation A/cs and Appropriation Bill
2.
Voted and Charged Expenditure
3.
Budget Orders Expenditure Orders
4.
Refunds and Remissions
5.
Write off and Write back
6.
NEFT and RTGS
7.
Draft Para and Audit Para
8.
Cheques and Bills & Remittance into bank.
9.
Reserve bank suspense & Deposit with reserve
Bank
10.Pre-check and post-check of claims in ACCOUNTS.
11. Demands
payable and Demands Recoverable,
12. Traffic
Receipts and Misc Receipts
13. Exchequer
control and Budgetary control
14. Bills recoverable and Bills payable
15. Performance
Audit & Regulatory Audit
16. Statutory
Audit & Internal Audit
17. Internal
Check and Internal Audit
18. Accounts
Balance Sheet and Station Balance Sheet
Paper-II LDCE
SECTION :A {50 Marks}
Financial justification for expenditure, Traffic Costing and
Management Accounting
Financial
Justification:
1.What is financial appraisal and
what are various techniques of financial appraisal of Railway Projects? Prepare
a financial justification under DCF technique for construction of
a. A
new line project of 100 KMs
Or
b. Provision
of crossing station on a single line section
Or
c. Bye
pass line
Or
d.Any other traffic facility work,
[Assuming your own figures of earnings/savings and expenditure]
2. Examination
of Financial proposals for creation of Infrastructure on Railways has become mere formality:
a. In
the context of Indian railways state the cases where financial Justification is
required for incurring Expenditure.
b. What
are the shortcomings in the financial appraisal of such proposals?
c. What
are your suggestions for an effective system for financial appraisal of
Proposals?
3. Railways
have been financing its Rolling stock requirements through lease financing.
Recently, Railways have resorted to extensive financing Railway projects
through market Borrowing. Please substantiate the statement. Repayment of
interest and capital components commences during the current financial year.
Describe the railway experience of market borrowing through EBR [IF] so far andthe way forward.
4. ”Before
making plans for execution of projects, proper feasibility studies should be
Carried out along with accurate financial justification to ensure expected
returns as well as optimal utilization of assets to be created”
Against this background, critically examine if the stated objectives are examined
prior to sanctioning of a Project and also after commencement of the project?
5. What
do you understand by IRPSM? How does it
help in compilation of Capital Budget and financial appraisal of Railway
works/projects? What are its advantages
and shortcomings? How can the process be
improved?
Traffic
costing
1. “An
efficient costing system is essential and necessary for Indian Railways.” Describe the salient features of the Traffic
Costing system in force in Indian Railways. Discuss the limitations of Traffic
Costing Existing on Railways? What are your suggestions for improving the
present Traffic costing system? What is your assessment of the usefulness of
Traffic costing for Pricing Rail Transport?
2. What
is the Purpose of Traffic costing on IR? What are the different aspects of
Traffic Costing? How is Traffic Costing Data (derivatives compiled by traffic
Costing cell) used in Financial matters on IR?
Management
Accounting:
1. How
is Management Accounting different from Financial Accounting? Identify two
areas of Railway working where management accounting methods can be usefully
applied with examples.
2. What
are functions of management Accountant and skills required for management
accountant. Discuss how a finance officer is working as Management Accountant
on Indian Railways.
3. What
are the important Financial Ratios applicable to Indian Railways and explain
how the following Ratios are worked out on IR. (a) Operating Ratio, [b] Return on Capital, [c] Current Assets and Liabilities; Explain how the compilation is
useful in implementation of Accrual accounting on Railways?
4. What
are the various types of modules of computerization used in Management
Accounting?
Short
Notes
(Management Accounting, Traffic costing and Financial
Justification):
1. Sensitivity
analysis and variance analysis.
2. Rateof return and break even point.
3. Viabilitygap funding
4. Marginalcost and average cost.
5. General
on cost and Proforma on cost.
6. Financial
Ratios.
7. Debt
equity ratio.
8. RatioAnalysis.
9. Costbenefits analysis.
10. Liquidity
Ratios – Current, Quick, Very Quick.
11. Solvency
Ratios – Debt Equity, Proprietary, Interest coverage
12. Activity
Ratios – Inventory TOR, Debtors TOR, Creditors TOR, Fixed Assets, Total Assets,
13. Profitability
Ratios – Both Investment (return on investment, return on capital, dividend per
share, earnings per share and price earnings ratio) and Sales (gross profit
ratio, net profit ratio, operating ratio, net profit operating ratio, expenses
ratio. 14.Functions of Management
Accountant 15.Marketable securities.
16. Specific
fuel consumption
17. Differential
pricing
18. Fully
distributed cost
19. Standard
costing
20. SPV
21. Make
of Buy Decision
22. Boot
23. PPP
24. EBRIF
25. RRSK
26. UmbrellaWorks
27. PETS
28. DCF
technique
29. NPV
and PWF
Distinguish
between:
1.
Equity shares and preference shares
2.
Share capital and loan capital
3.
Contribution and profit
4.
Break even point and cost benefit analysis
5.
Equity and Debt
6.
Earnings per share and Dividend per share
7.
Cash flow and funds flow
8.
Shares and debentures
9.
PERT &CPM
10. IRR
and ROR
11. PWP
& FWP
12. RSP
& M&P
13. LSWP
& LAW
Paper
II-Section B
Optional Subjects
100 marks for each group
B. Traffic Accounts,
Statistics and Establishment
Or
C. General
Expenditure,Stores and workshop Accounts
B1.Traffic Accounts
1.
With an advent of computer applications viz,
PRS, UTS, FOIS which practically cover all earnings in the Stations, Explain
the relevance of Station Inspection by TIAs and check of Station returns at
Traffic Accounts Office. Also suggest how these applications can help to
improve the Station inspections?
2.
What improvements can you suggest to the present
system of station Inspections? Is there a need for present system of post check
of station returns after Computerization of passenger and freight Transactions?
Give cogent reasons for your answer.
3.
What are all checks exercised in the Traffic Accounts office in the
following cases/returns:
[1] Checks
to be conducted in UTS/PRS collected tickets
[2] Check
of Wharfage and Demurrage returns
[3] Check
of Siding statements
[4] Check
of Handling Bills
[5] Check
of Non Issued tickets
4.
What are the checks exercised in TAO on the
following
[a] Collected
tickets
[b] Siding
returns
[c] Concession
Vouchers
[d] EFTs
[e] PRS
and SPTM earnings
[f] Checks
on Non-issued Tickets
5.
What constitutes “Traffic Suspense”? What
measures would you suggest to reduce the balances outstanding under “Traffic
Suspense”?
[b] What
are the usual types of debits raised on Stations?
[c] What
steps to be taken by the Traffic Accounts office to minimize Station outstanding?
6.
The work of Travelling Inspector of Accounts and
Traffic Accounts office complements each other. The short comings of one are
made up by the strengths of another. Discuss with specific points. Are there
any other areas not covered by both? If so, how these are got covered?
7.
Explain how ‘E-payment of Freight and
E-ticketing of passenger tickets’ have helped the Rail- users? Railways have
also gained by introducing these. Please elucidate?
8.
Explain the system of E-Payment of freight.
Elucidate the impact of its Implementation on Railway’s working? Briefly
explain the aspects that are required to be looked into for giving freight
Discount under the Liberalized siding rules?
9.
The system of Apportionment of earnings between
zonal railways should be Abolished” Give your views, in detail, in support or
against this statement?
10. What
is Traffic Suspense? What are the Constituents of Traffic Suspense? Please
Explain? What is the role of Traffic
Accounts office in minimizing the different Components of Traffic suspense? Why
does the clearance of Traffic suspense during the financial year itself Assume
importance? What is the significance of
Traffic Suspense with reference to Operating Ratio? Explain in detail
11. Define
Traffic Book and its parts. What does each part represent? Explain in detail
Part B with latest developments of apportionment in detail
12. What
is Earnings Budget? How this is different from Railway Budget? Explain in
detail the process of preparation of the same
13. What
is the difference between internal check and internal audit? Explain in detail
the above two aspects with reference to Traffic Accounts
14. What
is the purpose of online balance sheets and explain the advantages of online
balance sheets both to Accounts and Comml Depts
15. What
is Dynamic Pricing Policy and in which areas Indian Railways have implemented
it. Describe in detail.
16. List
out 10 significant enhancement in delegation of powers to GM/DRM. What do you
think of this impact of enhanced delegation?
17. What
is IREPS? How the tenders are invited and finalized in IREPS. What are the
advantages and limitations in processing the tenders through IREPS.
18. What
is the role of TC in finalizing a Tender? What are the extant delegations of
powers regarding constitution of Two Member/Three Member TC? What is the
specific role and responsibility of Finance Member in TCs?
19. What
are the various elements of Non Fare Revenue. Suggest some measures for
improvement in the process for generation of more NFR.
20. What
are the functions of Cash and Pay office?
Suggest some measures for minimizing the cash handling both at Pay and
Cash offices. Whether cash pick up from stations by banks is useful/economical
to railways. What are the difficulties in the process? How can we ensure that
the cash so collected by the Bank is deposited in the Railways Account promptly
and stipulated time.
21. What
are various types of earning contracts? What is the procedure of award of
earning contracts on Railways? What are the practical difficulties in
realization of earnings though these contracts on your Railway? Suggest some
measures for the system improvement.
Short
Notes (Traffic):
a) Paid
on charges
b) Memo
freight
c) TatkalScheme
d) Stationto Station Rate
e) LTTC
Scheme
f) Cash
in Transit
g) Private
Freight Terminal
h) RCT
i)
FOIS
j)
TCW
k) Linehaul costs
l)
Advice of Internal check
m) occupancy
Ratio
n) Special
credit
o) Accounts office Balance sheet
p) Net
Results of apportionment
r) Refunds
and Remissions
s) Writeoff and Write back
t) Cash
check sheets
Distinguish Between:
a) Accounts
Office Balance sheet and JTBS Balance sheet
b) I-ticketing
and E-ticketing
c) ERR
and SRR
d) Terminal
Tax and Terminal Cost
e) NTKM
and GTKM
f) Booked
route and charged route
g) Book
transfers and Balance sheet transfers
h) Error
sheet and Overcharge sheet
i)
Advice of Internal check and Credit Advice Note
j)
Statistical Statements 7A and 7C
k) Letter
of intent &Letter of Credit
l)
Traffic book Part-A and Part-B
m) Station
outstanding and Demands Recoverable
n) Terminal
Charges/Tax and Terminal Cost
o) Simple
average and weighted average
p) Dynamic
pricing policy and traffic rationalisation.
q) Demands
Recoverable and Bills Recoverable
B-II STATISTICS
1. Describe
in detail the compilation of fuel statistics. What are the statistical
parameters for judging the fuel efficiency of a Zonal Railway?
2. How
is the 10 day statement of Approximate Gross earnings prepared? Why is it
necessary to compile the 10 day statement of Approximate of Gross
earnings? Is there a need for compiling
this statement after the introduction of FOIS, PRS, UTS? Give cogent reasons
for your answer.
3. What
are the important statistical parameters used for judging the operating
efficiency Of a Railway, please explain?
4. What
is monthly Evaluation Report? Comments on its utility as a tool of managerial
Information. Explain in detail how any five of the indices [area of
performance] are compiled, bringing out the importance of each?
5. Explain
the preparation and purpose of the following monthly Statistical statements. i]
2 ii] 3A iii] 6A
iv] 7A v] 7C
6. What
are the important Statistical parameters used for judging the operating
a. Efficiency
of a Railway? Please explain?.
b. What
is the purpose of Apportionment of Earnings?
c. What
are the principles on which Apportionment of different types of earnings is
made?
7.‘Statistics however comprehensive,
will not run the Railways ,but,will supply necessary data with the help of which various problems that
arise on a day to day basis can be assessed and solved’ : It is useful to know
the significance of various figures arrived in statistics.
In this context, explain the following statistics and their
usefulness, and also indicate the caution to
be exercised while comparing these Statistics between two Zonal Railways: a.Engine available for use
b.
Net Tonne kilometers per wagon day
c.
Average haul
d.
Turn round of Wagon
e.
Average Speed of goods train.
SHORT NOTES (Statistics)
a. Net
tonne kilometre per wagon day.
b. Net
tonne kilometre per Engine day.
c. Wagonturn – round
d. Ineffective
wagon day
e. Engine
kilometers
f. GTKMs/
Engine hour
g. Empty
wagon kms
h. Siding
charges
Distinguish between
a. Statistical
Statement 6A and 7A
b. SFC
and SEC
c. GTKM
and NTKM
d. Operating
ratio and performance efficiency index.
e. Originating
earnings and Apportioned earnings,
B III. ESTABLISHMENT
1. Describe
in detail the procedure to be followed for imposing a major Penalty on a
delinquent Railway servant quoting the relevant rules in support of your
answer?\
2. Give
brief account of various Minor penalties and the procedure to impose the same?
3. Is
suspension a penalty? Give reasons for your answer? what payments are
admissible to a Railway Servant during Suspension? What deductions can be made
from Subsistence Allowance granted to a Railway Servant during Suspension?
4. Mention
the basic checks that need to be
exercised in the internal check section of
Accounts Department at various
levels with regard to salary bill of a unit in on IPAS before authorizing
payment. What are the areas to be streamlined in IPAS with reference to
establishment bills.
5. Briefly
write about the broad changes implemented as per the 7th CPC
recommendations.
6. Frequent
withdrawal indicate the provident fund has over the years lost the purpose For
which it was conceived. state if you agree or not ,elaborating your answer.
Give suggestions as to what incentives can be extended to encourage savings in
P.F?
7. What
is Cadre Restructuring and why is it required to be done? Discuss the salient
Points and implications of the Latest Cadre Restructuring Gazetted Staff on IR
?
8. What
is meant by Man Power Planning ? What are your suggestions towards rightsizing
man power on IR. Revised Yardsticks have been stinulated for accounts
department by railway board recently. Comment whether the yard sticks would be
adequate for man power of accounts department. What would be the implications
of these orders.
9. How
is the correctness of Pension Payments Verified? Discuss its adequacy and
Suggest improvements and/or alternatives, if any.
10. Explain
the Rules for creating Non-Gazetted revenue posts for maintenance and Operation
of new Assets?
11. Discuss
the Salient Features of the New Pension System. What are the issues being Faced
in proper accountal under NPS?
12. What
are the payments received by Railway Employees at the time of Superannuation?
Please Explain.
13. Pension
out go on our Railway is as high as the entire passenger earnings . Pension are
paid by Banks and we exercise post –check of pension paid. Give that the data
of all pensioners has now been sensitized
and available on ARPAN/IPAS and
the fact that many of the public sector banks are now sending the pension
payment scrolls through electronic mode.
14. It
may be explained how the internal check mechanism of payment of pension can be re- invented to guard against irregular/overpayment and at
the same time ensuring redressing the
grievance of pensioners?
15. Discuss
the salient featured of NPS? Recently the Government contribution has been
increased, what is the rationale behind the same? What are the issues faced in
accountal of NPS? What are the various parameters to judge the efficiency of an
accounting unit in the dispensation of NPS for its employees? What is the
impact of the NPS on the working expenses of ZRs.
16. What
are the work charged and temporary and revenue posts. What are the rules for
creation of these posts. What are the reasons for objectionable expenditure on
sanctioned posts. How this is being regularized.
Short
Notes (Establishment)
a. Supernumerary
post & ex-cadre post
b. Productivity
linked bonus & Incentive Bonus
c. Foreign
service contribution
d. Ex-gratia
pension
e. Extraordinary
leave
f. SF5
g. Additional
post allowance
h. Next
below rule
i. Qualifying
service
j. Latest
elements for considering financial implications for creating of work charged
posts.
k. Pool
of surrendered posts
l. Vacancy
bank
m. Book
of sanctions
n. Workmen
compensation act
o. Kinds
of leave and entailment
p. Stepping
up of pay
q. Leave
not due
r. Staffbenefit fund
s. Limited
…
t. Civil
grants
Distinguish between
a. Same
Time Scale and Identical Time Scale
b. Overtime
Allowance and Running Allowance
c. Suspension
of Lien and Termination of Lien.
d. Fee
and Honorarium
e. Scale
Check and Cadre check
f. Hospital
leave and Special disability leave
g. Removal
and Dismissal from Service
C. General Expenditure,
Stores and workshop Accounts
1. What
is inventory control? How it is carried out in Railways? Has it been
successful?
2. Whatis Turn over Ratio and how it is calculated. How it can be improved or
influenced.
3. What
is ABC Analysis? How it is implemented in Indian Railways.
4. What
are the various suspense balances in Stores Accounts. How they can influence
Turnover ratio.
5. What
are the methods of scrap disposal? Describe the process of e-auction in
detail.
6. What
is system for disposal of scrap? Describe the system from Survey to Delivery of
scrap.
7. How
does the control over Capital and Revenue expenditure exercised on Indian
Railways?
8. When
do we require preparing an estimate? What are the various types of estimates
that are prepared for execution of Railway works? What is the Finance scrutiny
on each one of them?
9. What
is unsanctioned expenditure? How does it get regularized?
10. What
are works registers? Explain how works registers help in control over capital
expenditure? What are your suggestions for making Works registers an effective
tool for COE?
11. How
inventory control is exercised on Railways?
What are your suggestions for effective material management?
12. What
are the reasons for abnormal excess over estimates? How can we control the
increasing trend? What are the rules
governing Material Modification and who are competent to sanction it?
13. What
do you understand by Arbitration? What are the reasons for the increased trend
in Arbitration cases? Suggest certain measures to curb the menace?
14. What
are the various types of Stores Contracts and how are they finalized? What are
the internal checks on Indents, Purchase Orders, Suppliers bills and receipt
notes?
15. What
is WMS? What does the balance represent?
What are the reasons for increase in the balance and how can we keep the
balance low?
16. Why
do variations occur in a contract? What are the latest rules governing the
variations in the Contract? How can you avoid abnormal variations in a
Contract?
17. What
is measurement Book? What purpose does
it serve? What is the procedure for
maintenance and disposal of these Books?
18. What
is Contractor’s Measurement Book? What purpose does it serve and what are the
rules governing it?
19. What
do you understand by Umbrella Works? How many types of Umbrella works are
there? Write the extant guidelines on approval/sanction and execution of these
works.
20. What
are the various types of works tenders? What are the requisites, advantages and
limitations. What are the circumstances and delegation of powers where calling
of tenders can be dispensed with? What is the procedure for award of the work
on quotation basis.
21. What
are the latest modifications/delegations/amendments on tender and contract management?
22. What
are the conditions/limitations for direct acceptance of works tenders?
23. List
out 10 significant enhancement in delegation of powers to GM/DRM. What do you
think of this impact of enhanced delegation?
24. What
is the role of TC in finalizing a Tender? What are the extant delegations of
powers regarding constitution of Two Member/Three Member TC? What is the
specific role and responsibility of Finance Member in TCs?
25. What
do you understand by Umbrella Works? How these works are proposed, approved and
executed. What are the checks to be exercised on scrutiny of these works by
Finance?
26. What
are the various types of checks that are to be exercised on Contractors bills
with specific reference to the final bill (FCC). How does IPAS help in scrutiny
of the payments effectively?
27. What
is the necessity of separate GCC for services and works? What are the main
differences between GCC for works contracts and services contracts?
28. What
is GeM and how it is different from DGS&D?
What are the latest guidelines on procurement of material and services
through GeM. What are the practical
difficulties and teething problems in award of contract through GeM. How can we
improvise?
29. What
is IREPS? How the tenders are invited and finalized in IREPS. What are the advantages
and limitations in processing the tenders through IREPS.
30. What
is IRWCMS – INDIAN RAILWAYS WORKS CONTRACT MANAGEMENT SYSTEM? What are the
advantages and how it is useful in execution of works and control over
expenditure?
31. What
are the reasons for cost overrun due to time over run?
32. What
is MMIS and how is it useful in Material Management
33. List
out 10 significant enhancement in delegation of powers to GM/DRM. What do you
think of this impact of enhanced delegation?
34. What
is meant by Internal Audit? In what ways does it differ from internal check?
35. What
is unsanctioned expenditure. How each one of the category gets regularized.
What is the role of accounts and finance officer in this regularization.
36. What
are various types of earning contracts? What is the procedure of award of
earning contracts on Railways? What are the practical difficulties in
realization of earnings though these contracts on your Railway? Suggest some
measures for the system improvement.
Short
Notes (Stores, Workshop & General Expenditure)
1. Deposit
works
2. Contractors
Ledger
3. On
costs in a workshop
4. Job
Costing in a work shop
5. Unified
Standard Schedule of Rates
6. Productivity
test
7. Canonsof Financial Propriety
8. Price
preference
9. Counteroffer
10.Risk
and Cost
11.Stock
adjustment Account
12.Procedure
for disposal of surplus stores and Scrap
13.OOTworks
14.PriceVariation Clause
15.Urgency
Certificate
16.TwoPacket system of Tendering
17.Approved
list of contractors
18.Reverse
Auction Vs counter offer
19.Unified
SoP
20.Liability
register
21.Checks
on contracts and miscellaneous bills
22.GM’s
negative powers
23.EPC
Contracts
Distinguish between
1. Departmental
charges and General Charges
2. Security
Deposit and Performance Guarantee
3. Write
off and Write back
4. Demands
recoverable and Bills Receivable
5. Ordinary
Revenue and Open line works revenue
6. Safety
fund and Special Railway safety fund
7. LSWP
and LAW
8. Lumsum
works and Umbrella works
9. Maxima
and Minima
10.Internal
Check and Internal Audit
****
