Documente Academic
Documente Profesional
Documente Cultură
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55. In case of lumpsum contracts every bill should give the unit rate at
which payment is to be made.
False
56. Moneys received as dues of Government should be credited into
the Public Account in accordance with the Treasury Rules.
False
57. Every Public Officer is expected to exercise the same vigilance
in respect of expenditure incurred from public moneys as a
person of ordinary prudence would exercise in respect of
expenditure of his own money.
True
58. The authority may exercise its powers of sanctioning expenditure
to pass an order, which will be directly or indirectly to its own
advantage.
True
59. Public moneys should be utilized for the benefit of a particular person
or section of the community unless claim for the amount could be
enforced in a court of law.
False
60. Public moneys should be utilized for the benefit of a particular
person or section of the community unless the expenditure is in
pursuance of a recognized policy.
False
61. The amount of allowances granted to meet expenditure of a particular
type should be so regulated that the allowances are on the whole is
a source of profit to the recipients.
True
62. Each head of a department is only responsible for observance of all
Relevent financial rules and regulations at his own office.
False
63. An officer who signs or countersigns a certificate is personally
responsible for the facts certified to,so far as it is his duty to know
or to the extent to which he may reasonably be expected to be
aware of them.
True
64. No competent authority may sanction the writing off finally of the
irrecoverable value of stores lost by fraud, negligence of individuals
or other causes, provided that the loss does not disclose a defect of
system the amendment of which requires the orders of
higher authority.
True
65. All authorities which are competent to sanction revision of pay or
the grant of concessions to Government servents should bear in mind
that retrospective effect should not be given to financial sanctions,
except in exceptional.
True
66.
Loss of Measurement Book should not be reported to the nearest
Police station.
False
67. The words Payees Account only must be written between the
crossing lines of each and every cheque.
True
68. Accountant General means the head of an office of accounts.
True
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Bank means State Bank of Pakistan and all its scheduled banks.
Cheque signatory of executive side is called co-signatory.
Counterfoil of a cheque may be initialed by one of the two signatories.
Cash books must be balanced on last day of calendar year.
SS Cheques were introduce to minimized outstanding suspense
balances.
An administrative approval is vaild maximum for one year.
Revised admn. approval is required when expenditure exceed 10%.
On account payment is received for deposit work.
A purchase order may be split up for getting a sanction for each
part separately.
An advance to a cotractor can be adjusted by deduction from
running bills of the contactor.
The ADP approved by the Authority is directly forwerded to
Ministry of Finance.
All cash transactions should necessarily be entered in cash book
as soon as they occur.
The register used for recording the accounts debited and credited
is known as Journal.
Contact means any kind of undertaking in verbal.
Contractor means a person who has made the contract.
True
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True