RAILWAY Flashcards
1
Q
The first non-passenger train in pre-independent India was made operational in
A
On 22.12.1851 to haul construction material in Roorkee
2
Q
The formation of the Railway Board in 1905 was based upon the recommendations
of:
A
Thomas Robertson Committee
3
Q
Which was the first train in India to have a Ladies Only compartment
A
Deccan Queen
4
Q
After independence and nationalization of Railway Zones, which was the only Railway Company which continued its private operations till 2016
A
Central Provinces Railway Company
5
Q
The East India Railway Company’s first passenger train ran on 15th August 1854 covering a distance of 38 kms between:
A
Howrah to Hooghly
6
Q
In terms of the Route kms, India is
A
4th largest rail system in the world
7
Q
After the merger of the Railway Budget, what has been the major implication
A
Railways no longer have to pay dividend to the Government
8
Q
Vande Bharat Express was manufactured by:
A
ICF, Chennai
9
Q
The Model Schedule of Powers (MSoP) issued by Railway Board in 2017/18 was significant because
A
It brought about uniformity in schedule of delegation of powers across Zonal Railways
10
Q
The Railway Budget has been merged with the General Budget w.e.f.
A
2017-18
11
Q
What is the full form of GAAP
A
Generally Accepted Accounting Principles
12
Q
What is the full form of CPENGRAMS
A
Centralised Web Enabled Pension Grievance Redressal and Monitoring System
13
Q
What is the portal for online monitoring of Railway Budget announcements
A
e-Samiksha
14
Q
What is the total number of concessions granted to passengers of Indian Railways
A
100
15
Q
autonomous bodies / authorities of IR
A
CRIS and RLDA
16
Q
The dividend payable by Indian Railways after the merger of Railway Budget with General Budget is
A
NIL
17
Q
The full form of RRSK is
A
Rashtriya Rail Sanraksha Kosh
18
Q
users of accounting information
A
A) Creditors
B) Lenders
C) Customers
19
Q
For each and Every Debit there must be a corresponding Credit’ is the principal of____
A
Double Entry
20
Q
The balance of the petty cash is
A
An asset
21
Q
Fixed Assets are
A
Kept in the business for use over long time for earning income
22
Q
The term ‘Debtor’ means
A
A person who owes something to the business
23
Q
Cash payments to suppliers for goods and services are classified as cash flows from
A
Operating Activities
24
Q
Which of them is a Traditional Method for Capital budgeting decisions
A
Average Rate of Return
25
At breakeven point
Total Expenses = Total Revenue
26
Under the Profitability Index method, the Decision rule to accept the proposal
If PI is more than 1
27
The length of time required to recover the initial cost of a project is called as
Payback Period
28
Fiscal Means?
Government Budget
29
Fiscal Deficit Means
Net Liabilities
30
Law of contract is
Not the whole law of agreements nor is it the whole law of obligations
31
An agreement is a voidable contract when it is
Enforceable by law at the option of the aggrieved party
32
Agreement is defined in Section……… of the Indian Contract Act, 1872
2(e)
33
A contract is
An agreement plus a legal obligation
34
Essential Conditions of a Contract
There must be TWO parties
35
As per Article 266 of the Indian Constitution, all revenues of the Government flow into
Consolidated Fund of India
36
All public moneys received for and on behalf of Government are credited to
Public Account of India
37
Re-appropriation of funds from one plan head to another plan head is within the powers of
Railway Board
38
Re-appropriation of funds from one source to another source is within the powers of
Railway Board
39
Re-appropriation of funds from one itemised work to another itemised work is within the powers of
GM
40
Re-appropriation of funds from a priority work to a non-priority work
Railway Board
41
Railway Revenue expenditure is budgeted under Social Services/Economic Services/Transport segment in which part of Government Accounts, expenditure side?
Part I Consolidated Fund of India
42
IR expenditure on Policy formulation, Direction, Research and Other Miscellaneous organisations is budgeted under which Major head?
3001
43
Expenditure on Railway Centralised Training Institutes is budgeted under which Major head?
3001
44
Percentage of Working expenses to Gross earnings is known as
Operating Ratio
45
Important Ratio worked out to guage the financial health of Zonal Railways and IR as a whole is
Operation Ratio
46
Gross Receipts are arrived by
Adding traffic suspense to Gross Earnings
47
Net Revenue of a Zonal Railway is the difference between
Total Receipts minus Total Expenditure
48
On Zonal railways, Budget process starts in which month
september
49
Minor heads in works segment are known as
Plan heads
50
NPS, Government Contribution is budgeted under which SMH and PU?
SMH 11 and PU 08
51
Petty Expenses up to Rs. ____ in each case can be made through Cash Imprest
Rs.15,000
52
Minimum notice period for inviting open tenders costing up to Rs. 2 crores
30 days
53
Minimum notice period for quotations
7 days
54
Minimum notice period for inviting Limited / Special limited tenders
14 days
55
Two packet tendering system is adopted in case of
Open Tender
56
Monetary limit of direct acceptance without Tender committee in open e tendering
Up to Rs. 50 lakhs
57
PVC is applicable for tenders costing
> 5 crores
58
Tenders received after the specified time of opening are called as
Late Tenders
59
Tenders received before the time of opening but after the due date and time are called as
Delayed Tenders
60
Eligibility criteria is applicable for Service tenders valuing more than
Irrespective of the value of Tender
61
Minimum notice period of 21 days for open tenders valuing less than Rs. 2 crores can be changed with Finance concurrence
14 days
62
Powers to dispense with tenders and accept quotation for works valuing Rs. 10 lakhs rests with
PHOD
63
Percentage of mobilization Advance that can be paid to the contractor
10% of Contract Value
64
Variation beyond 150% of the contract value requires the sanction of
GM
65
Permissible excess in Zonal contract is
25%
66
An agreement which is enforceable by law is
A Contract
67
Documents which are integral part of contracts
(A) GCC, SCC
( B) Specifications
(C) Schedule of rates, quantities
68
In a Tender Committee of a particular department, the third member should be
from
Sister Department
69
Two-member tender committee is applicable to
None
70
Level of Tender Committee is decided based on the value of
Valid lowest offer
71
The accepting authority of a Tender Committee recommendations should be
One level above the level of T.C.
72
Revocation of termination of contract is possible
With the approval of GM treating it as single tender
73
Approval powers for appointment of Arbitrator rests with
GM
74
AMC with OEM/Authorized dealer can be approved by
PHOD
75
DRMs can enter into Service Contracts up to a limit of
Rs. 100 Cr
76
Performance Guarantee percentage in Service Contracts
10%
77
Security deposit for Service Contracts
78
Performance Guarantee for service contracts can be submitted within
90 days
79
New GCC for service contracts was introduced w.e.f
January 2018
80
As per GCC of services, minimum technical eligibility criteria is
Successful completion of atleast one work of 35% value of work during last 3 years
81
As per GCC of services, two packet system of tendering is to be adopted for tender valuing more than
Rs. 50 lakhs
82
As per GCC of services, financial turnover criteria for tender is
150% during last 3 years plus 5% liquidity turnover
83
In service contracts EMD will be
Will be released on submitting Performance Guarantee
84
Price variation clause is not applicable to
( A) Works costing less than Rs. 5 crore
(B) Zonal contracts
( C) Service Tenders of less than 18 months period
85
Plan Head 5100 denotes
Staff Quarters
86
Plan Head 5200 denotes
Staff Amenities
87
Plan Head 5300 denotes
Passenger Amenities
88
RSRK is being implemented w.e.f.
2017-18
89
Maximum standing EMD is
Rs. 25,000
90
Expenditure on COVID 19 is booked to
MAR (X)
91
The time-limit for submitting of claims for Travelling Allowance is within ___ days succeeding the date of completion of journey.
60
92
The rates of TA will go up by______ every time the DA goes up by 50%.
25%
93
The Composite transfer grant (CTG) is admissible at the rate of ______ of last month’s Basic pay in case of transfer involving a change of station located at a distance of more than 20 Kms from each other.
80%
94
For claiming CTG, transferee/retirees needs to submit the ______documents
Proof of change of residence.
or
Proof of journey
95
The Internal checks of TA Bills involves checking ______
(A) The controlling officer has signed the TA journals and the object of the Journey is
mentioned and is in the interest of administration
(B) The timings of arrival and departure of trains from HQrs needs to counterchecked
with timetable.
(C) The actual distance travelled is more than 8 kms from HQrs.
( D) The rate of TA admissible and the arithmetical accuracy.
96
A Railway Employee can be permitted to avail Encashment of leave on Average pay upto______days.
10
97
The total leave encashed during the entire career shall not exceed ______days
60
98
A balance of at least______days of leave on Average Pay should be available to the credit in leave account after taking into account the period of encashment as well as the leave availed of.
30
99
The cash equivalent of encashment of Leave is calculated on the Pay and DA as on the date of ______.
Availing the pass.
100
The successive Leave encashment cannot be made before a minimum period of______ (block period) has elapsed
2
101
The amount of reimbursement of CEA is ______per month
Rs 2,250
102
Transport allowance shall not be admissible to those employees______
Who are travelling in their personal vehicles
103
Transport allowance during leave will be admissible if ______
Not wholly covered by leave during calendar month(s)
104
Transport allowance during tour will be admissible ______
If absence does not cover any calendar month(s) in full, Transport allowance will be admissible for full month
105
Transport allowance during training treated as Duty may be granted if ______
No transport facility /Travelling allowance /Daily allowance is provided for attending the training institute
106
What is the rate of PF deduction from pay?
1/12th or 8.33% of Basic pay
107
Cost of Monthly Season ticket is equal to
15 Single Journey Tickets
108
A season ticket can be issued normally up to a maximum distance
150 Kms
109
Minimum distance for sleeper class journey ticket
200 KMs
110
Amount of compensation payable to victim in railway accidents cases
8 lakhs
111
What is eT-RR
Electronic transmission of railway receipt
112
Advance Reservation Period in case of passenger booking
120 days
113
The validity of privilege pass is
5 months
114
Maximum no of passengers issued on PRS ticket
6
115
Maximum no of passengers issued on UTS ticket
4
116
shortage found during Stock Verification is
Recovered from the Stockholder
117
When does Railways use a 2 packet system for purchases
When the purchase value is more than 50 lakhs
118
A two packet system of purchase ensures that
A) The tender committee is not influenced only by the price bid
(B) The technical qualifications of the tenderers is the primary criteria for selection
of tenders
119
A two packet system of tendering means
There are two stages of evaluation , technical and financial
| The technical bid is evaluated first
120
When material enters Stock, the accounting entry is
Stock Debit, Purchase Suspense Credit
121
For purchases made through GeM, billing is done
On GeM portal and linked to IPAS
122
To deal with Suspenses in Stores, which software would you go to?
IPAS
123
Stores Tendering is done on
IREPS
124
Make in India Policy stipulates that complete purchase shall be made only from local firms
If tender value is less than 50 lakhs
125
Maximum amount of EMD to be taken from a tenderer irrespective of value of tender is
Rs. 50 lakhs
126
For signing of non-stock requisitions by user departments JAG/SG has powers:-
Upto 15 lakhs
127
For indigenous procurement open tender of a non-GeM item in normal course Sr Scale Office has power of Rs :-
8 lakhs
128
IPAS is
Integrated Payroll and Accounting System
129
The Disaster recovery site for IPAS is being plann
Secunderabad
