Knowledge Booster: AFA PYQS Edition (19 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. How much Transport allowance is paid during suspension period when the suspension period covers a calendar month partially
- A) Will be paid full
- B) Will be paid by proportionately reducing the same
- C) Will not at all be paid
- D) None of these
Correct Answer: Will be paid by proportionately reducing the same
Explanation: If an employee is under suspension for only part of a month, the Transport Allowance is reduced proportionately based on the period of absence from duty. [cite: 201, 219]
Q2. Brown field Private Freight Terminal (PFT) is
- A) A newly developed PFT
- B) Existing siding converted to PFT
- C) Railway Goods shed leased to Private entity
- D) None of these
Correct Answer: Existing siding converted to PFT
Explanation: A 'Brownfield' PFT is created by upgrading or converting an existing private railway siding into a public freight terminal.
Q3. Debit balance in Purchase Suspense indicates
- A) Material received but bills not paid
- B) Bills paid but material not received
- C) Both the options are correct
- D) Both the options are not correct
Correct Answer: Bills paid but material not received
Explanation: Purchase Suspense records the difference between goods received and payments made; a debit balance signifies that the payment has been processed but the goods haven't reached. [cite: 596, 611]
Q4. The accounts of Indian Railways (IR) maintained in accordance with the requirements of government accounts are collectively termed as
- A) Finance accounts
- B) Capital accounts
- C) Revenue accounts
- D) Expenditure accounts
Correct Answer: Finance accounts
Explanation: Finance accounts represent the collective recorded transactions of the government for a specific financial year[cite: 14069, 15988].
Q5. Which of the following is not canons of financial propriety
- A) Expenditure should not be more than the occasion demand
- B) It should not be used for own benefit
- C) Allowances like TA, should not be source of profit
- D) public money is for benefit of a particular person
Correct Answer: public money is for benefit of a particular person
Explanation: The Canons of Financial Propriety state that public funds must not be used for the benefit of a particular person or community. [cite: 2433, 2445]
Q6. BPO stands for
- A) Business Process Outsourcing
- B) Basic Principle Overview
- C) Bureau of Preliminary Objective
- D) Board of Physics Organization
Correct Answer: Business Process Outsourcing
Explanation: BPO is the delegation of one or more IT-intensive business processes to an external provider. It is a major sector in the Indian economy.
Q7. Transfer Without Financial Adjustment is done by
- A) preparing JV
- B) by altering balances in the ledger
- C) Both of these
- D) None of these
Correct Answer: by altering balances in the ledger
Explanation: TWFA is an accounting mechanism where the cost of an asset is moved between units by adjusting ledger balances without actual fund transfer or JVs.
Q8. Variation beyond 150% of the contract value requires the sanction of
- A) Railway Board
- B) GM
- C) PHOD
- D) Tender Accepting Authority
Correct Answer: GM
Explanation: For significant increases in work volume (over 150% of the original contract), the General Manager is the designated sanctioning authority.
Q9. Traffic cash received otherwise than through station balance sheet is incorporated in accounts through
- A) Traffic Cash Check sheet
- B) Abstract Daily/ Monthly Cash Book
- C) Accounts Office Balance sheet.
- D) General Cash Book
Correct Answer: Accounts Office Balance sheet.
Explanation: Revenue received at higher levels (like postal or defense dues) is recorded via the Accounts Office Balance Sheet instead of a station book.
Q10. Payments under NPS are now booked to which Abstract & Sub-Head?
- A) L-650
- B) N-130
- C) M-110
- D) None of these
Correct Answer: L-650
Explanation: The New Pension Scheme (NPS) contributions and payments are categorized under Abstract L (Provident Fund, Pension and other Retirement Benefits). Sub-head 650 is the specific code.
Best portal for railway departmental exam
mycbt.in - join free
Comments 0
Post CommentNo comments yet. Be the first to comment!