Knowledge Booster: EXPENDITURE_L1 Edition (01 Jun 2026)
Welcome to today's EXPENDITURE_L1 Knowledge Booster! We've handpicked 10 essential questions from our database to help you sharpen your skills. Dive in and test your knowledge!
Q1. Plan head 1400 denotes ________ (AFA 70% 2025 First batch)प्लानहेड 1400 ________ दर्शाता है (एएफए 70% 2025 प्रथम बैच)
- A) New Lines
- B) Doubling
- C) Gauge Conversion
- D) Track Renewal
Correct Answer: Gauge Conversion
Explanation: Explanation : Track Renewal - PH 3100 - Coordinator is CTE - Chief Track Engineer New Lines - PH 1100 - Coordinator is PCOM
Q2. Total number of erstwhile Demand Nos in OWE - Ordinary Working Expenses are _______OWE में पूर्ववर्ती मांग संख्या की कुल संख्या - सामान्य कार्य व्यय _______ हैं
- A) 01 to 15
- B) 03 to 15
- C) 03 to 14
- D) 01 to 16
Correct Answer: 03 to 14
Explanation: Explanation : 12 - 03 to 14 erstwhile Demands Nos in OWE - Ordinary Working Expenses (or SMH - Sub Major heads 01 to 12 of Major Head 3002/3003 - Indian Railways Working Expenses 16 - Total Number of erstwhile Demands (Both Revenue & Capital) are 16
Q3. Canons of Financial Propriety are incorporate in the _________ (Railway Code)वित्तीय औचित्य के सिद्धांतों को _________ (रेलवे कोड) में शामिल किया गया है
- A) Para 116 of Engineering Code
- B) Para 116 of Finance Code
- C) Para 116 of Accounts Code
- D) Para 116 of Administrative & Finance an introduction code
Correct Answer: Para 116 of Finance Code
Explanation: Explanation : Ø All sanctioning authorities must pay due regard these rules/principles while exercising their financial powers. 1
Q4. Which type of contracts must be in writing and registered to be enforceable? किस प्रकार के अनुबंधों को लागू करने के लिए लिखित और पंजीकृत होना आवश्यक है?
- A) Sale of immovable property
- B) Buying groceries
- C) Lending money to a friend
- D) Online shopping orders
Correct Answer: Sale of immovable property
Explanation: Explanation : Certain contracts, like real estate transactions, must be in writing and registered to be legally valid.
Q5. Abstract - H deals with: सारांश - एच निम्नलिखित विषयों से संबंधित है:
- A) Operating Expense: Fuel
- B) Operating Expense: Power
- C) Operating Expenses: CNG
- D) Operating Expense: Coal
Correct Answer: Operating Expense: Fuel
Explanation: Explanation : Erstwhile Demand No. 10 - Operating Expenses - Fuel - Sub Major Head is 8 ( Rule is minus 2 from erstwhile Demand No.) HSD Oil, Traction, Coal are part of the Operating Expenses - Fuel
Q6. Plan Head Co-ordinator for Plan head 11 is _______ (AFA 70% Exam 2025 Second batch) योजना प्रमुख 11 के लिए योजना प्रमुख समन्वयक _______ हैं (एएफए 70% परीक्षा 2025 द्वितीय बैच)
- A) PCOM
- B) PCE
- C) GM
- D) DRM
Correct Answer: PCOM
Explanation: Explanation : PCOM is the Plan Head Co ordinator for Plan Heads 11,14,15,16,35,81
Q7. EBR (IF) stands for __________________ ( Hint: Source of Finance) EBR (IF) का मतलब है __________________ (संकेत: वित्त का स्रोत)
- A) Extra Budgetary Resources (Institutional Finance)
- B) Extra Budgetary Resources (Investors Finance)
- C) Extra Budgetary Railways (Institutional Finance)
- D) Extra Budgetary Resources (International Finance)
Correct Answer: Extra Budgetary Resources (Institutional Finance)
Explanation: Explanation :
Q8. In case the contractor fails to submit the requisite PG even after ______ from the date of issue of LOA, the Service contract shall be terminated duly forfeiting EMD and other dues, if any payable against that contract. यदि ठेकेदार एलओए जारी होने की तारीख से ______ के बाद भी अपेक्षित पीजी जमा करने में विफल रहता है, तो ईएमडी और अन्य देय राशि, यदि उस अनुबंध के विरुद्ध देय हो, को जब्त करते हुए सेवा अनुबंध को समाप्त कर दिया जाएगा।
- A) 30 days
- B) 45 days
- C) 60 days
- D) 90 days
Correct Answer: 90 days
Explanation: Explanation : PG - Performance Guarantee: A. 5% of the Contract Value B. 4 separate parts i.e., each 1.25 % of the Contract Value C. Due period: 30 days from the LOA D. 60 days - If the Contractor fails to furnish after 60 days from the LOA, a notice will be served to the Contractor to pay the same within 90 days from LOA E. 60th day is Bank Holiday or office closure, the next working should be considered as the last day for submission of PG . F. 15% - Penal Interest - 31st day to the Day of submitting PG The consequences of failure to submission of PG within 90 days are:
Q9. The incidental costs i.e., _____ of Contract value towards issue and operation of LC - Letter of Credit shall be borne by the supplier /contractor. अनुबंध मूल्य के आकस्मिक खर्च, अर्थात् एलसी (लेटर ऑफ क्रेडिट) जारी करने और उसके संचालन से संबंधित _____ राशि आपूर्तिकर्ता/ठेकेदार द्वारा वहन की जाएगी।
- A) 0.15 %
- B) 0.25 %
- C) 0.50 %
- D) 0.75 %
Correct Answer: 0.15 %
Explanation: Explanation : Key Points on Letter of Credit: 1. Applicable for Works/Stores/Services/Maintenance contracts.
Q10. A minor (17 years old) enters into a contract to buy a mobile phone. This contract is: एक नाबालिग (17 वर्ष का) मोबाइल फोन खरीदने के लिए अनुबंध करता है।
- A) Valid
- B) Void
- C) Enforceable
- D) Illegal
Correct Answer: Void
Explanation: Explanation : Minors are not legally competent to enter into contracts. Hence, such a contract is void.
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