Knowledge Booster: AFA PYQS Edition (06 Oct 2026)
Welcome to today's AFA PYQS Knowledge Booster! We've handpicked 10 essential questions from our database to help you sharpen your skills. Dive in and test your knowledge!
Q1. Where can one observe the overall picture of the expenditure of a capital nature incurred by Railway?
- A) Loan Account
- B) Block Account
- C) DRF Account
- D) Demands Payable
Correct Answer: Block Account
Explanation: The Block Account shows the total value of all physical assets created since the inception of the railway. It provides a historical overview of capital investment.
Q2. Which is Not part of Parliamentary control on railway finances
- A) Annual Budget
- B) Scrutiny of Appropriation Accounts by Public Accounts Committee
- C) Committee on Govt. Assurances
- D) Debroy Committee
Correct Answer: Debroy Committee
Explanation: The Debroy Committee was an expert committee for structural reforms; it is not a standing mechanism of direct Parliamentary financial oversight. [cite: 2210, 2222]
Q3. Excess Fare Ticket (EFT) consists of how many foils.
- A) 2 Foils (Passenger & Record)
- B) 3 Foils (Accounts, Passenger & Record)
- C) 4 Foils (Accounts, Passenger, Invoice & Record)
- D) 5 Foils (Accounts, Passenger, Invoice, Transit & Record)
Correct Answer: 3 Foils (Accounts, Passenger & Record)
Explanation: An EFT book is prepared in triplicate: one foil for the Accounts Office, one for the Passenger, and one remains as the Record foil. [cite: 242, 260]
Q4. What does the closing balance under the head 'demands recoverable' represent?
- A) Payments received for license fees etc.
- B) Unrealized earnings
- C) Liability side of balance sheet
- D) 2 and 3 only
Correct Answer: 2 only
Explanation: Demands Recoverable represents earnings that have been billed but not yet physically collected (unrealized income)[cite: 14299, 15988].
Q5. The amount of reimbursement of CEA in respect of differently abled children
- A) Same as normal children
- B) Double the amount for normal children
- C) Triple the amount for normal children
- D) None of these
Correct Answer: Double the amount for normal children
Explanation: Children Education Allowance (CEA) is paid at twice the standard rate for children with special needs.
Q6. Transactions pertaining to Defence & Postal originated in Railways are adjusted by operating a suspense head called
- A) PAO/AG suspense
- B) M-Remittances
- C) Reserve Bank Deposit
- D) Cheques & Bills
Correct Answer: M-Remittances
Explanation: Inter-departmental settlements between Railways and Defense/Postal services are primarily processed through the M-Remittances head.
Q7. Contingent expenditure means
- A) Incidental to the management or upkeep of the office
- B) Unforeseen expenditure during progress of work
- C) Expenditure on rents, rates and taxes
- D) None of these
Correct Answer: Incidental to the management or upkeep of the office
Explanation: Contingent expenditure refers to the routine, miscellaneous costs necessary for the daily operation and management of an office. [cite: 2603, 2615]
Q8. What is Non Issued ticket?
- A) ticket which is not accounted in UTS/PRS system
- B) A Journey ticket surrendered for Non-performance
- C) Ticket issued but cancelled on following ticket due to operator mistake
- D) None of these
Correct Answer: Ticket issued but cancelled on following ticket due to operator mistake
Explanation: A 'Non-Issued' ticket is voided immediately by the operator (often due to a printing error) before the transaction is completed.
Q9. Major share of Railway Goods earnings from
- A) Cement
- B) Iron Ore
- C) Food Grains
- D) Coal
Correct Answer: Coal
Explanation: Historically and currently, coal transport remains the largest single contributor to Indian Railways' freight (goods) earnings. [cite: 2952, 2962]
Q10. Amount of compensation payable to victim in railway accidents cases
- A) 9 lakhs
- B) 10 lakhs
- C) 15 lakhs
- D) 8 lakhs
Correct Answer: 8 lakhs
Explanation: The standard compensation amount for victims of railway accidents as specified in this exam context is 8 lakhs[cite: 1796, 1801, 1803].
Best portal for railway departmental exam
mycbt.in - join free
Comments 0
Post CommentNo comments yet. Be the first to comment!