Knowledge Booster: EXPENDITURE_L1 Edition (17 May 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. In Appropriation Accounts variation should be explained between _____________ ( Sub Head wise)विनियोग खातों में अंतर को स्पष्ट किया जाना चाहिएविनियोग खातों में भिन्नता को _____________ (उपशीर्ष के अनुसार) के बीच स्पष्ट किया जाना चाहिए
- A) actual expenditure and sanctioned grants/appropriations
- B) Original Grant plus Supplementary Grant and Actual Expenditure
- C) Final Grant and Actual Expenditure
- D) Supplementary Grant and Actual Expenditure
Correct Answer: actual expenditure and sanctioned grants/appropriations
Explanation: Explanation : Explanations for Variations between: FG - Final Grant & Actuals - At Railway Board level or Zonal Railway level
Q2. 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.
Q3. PH 82 - Transfer to SRSF - Special Railway Safety Fund.SRSF is replaced as _____________ (recently)पीएच 82 - एसआरएसएफ में स्थानांतरण - विशेष रेलवे सुरक्षा निधि।SRSF को _____________ के रूप में प्रतिस्थापित किया गया है
- A) RRSK - Rashtriya Rail Sanraksha Kosh
- B) RSF - Railway Safety Fund
- C) No Change
- D) None of these
Correct Answer: RRSK - Rashtriya Rail Sanraksha Kosh
Explanation: Explanation : 1) Dedicated Fund for Railway Safety 2) Established in the year 2017-18
Q4. IRFC stands for _____________ (Hint: source of Finance) IRFC का पूरा नाम _____________ है (संकेत: वित्त का स्रोत)
- A) Indian Railway Finance Corporation
- B) Indian Railway Finance Company
- C) Indian Railway Fiscal Corporation
- D) None of these
Correct Answer: Indian Railway Finance Corporation
Explanation: Explanation : मुख्यालय: नई दिल्ली Dedicated borrowing arm of Indian Railways
Q5. What is the full form of DRF with respect to india railways' source of fund ? भारतीय रेलवे के निधि स्रोत के संबंध में डीआरएफ का पूर्ण रूप क्या है ?
- A) Deposit resources Fund
- B) Depreciation Reserve Fund
- C) Development Reserve fund
- D) None of the above
Correct Answer: Depreciation Reserve Fund
Explanation: Explanation : DRF - Depreciation Reserve Fund .
Q6. What happens if a contract lacks clarity and certainty in its terms? यदि किसी अनुबंध की शर्तों में स्पष्टता और निश्चितता का अभाव हो तो क्या होगा?
- A) It is valid
- B) It is void
- C) It is legal
- D) It is enforceable
Correct Answer: It is void
Explanation: Explanation : Contracts must have clear and definite terms. Unclear contracts are void due to uncertainty.
Q7. The expenditure incurred on account of settlement of arbitration award (by Courts) will be treated as ________ and dealt accordingly for obiaining funds. (Appendix2 Exam ECoR Expenditure-2023) मध्यस्थता निर्णय के निपटारे (न्यायालयों द्वारा) के मद में किए गए व्यय को ________ माना जाएगा और निधियों की प्राप्ति के लिए तदनुसार निपटाया जाएगा। (परिशिष्ट 2 परीक्षा ई.सी.ओ.आर. व्यय-2023)
- A) Voted Expenditure
- B) Charged Expenditure
- C) Contingent Expenditure
- D) None of the above
Correct Answer: Charged Expenditure
Explanation: Explanation : If Arbitration Award by the Railway Arbitrators, it should be allocated to Voted Expenditure, not Charged Expenditure
Q8. In Works Contracts, my features are 1. Quote Rate for each individual item in Work. 2. Payment is based on actual executed quantity. 3. Reasonable variation is allowed during the execution of the Work. Who am I ? कार्य अनुबंधों में मेरी विशेषताएँ हैं: 1. कार्य के प्रत्येक मद के लिए अलग-अलग दर का उद्धरण देना। 2. भुगतान वास्तविक रूप से निष्पादित मात्रा के आधार पर किया जाता है। 3. कार्य निष्पादन के दौरान उचित परिवर्तन की अनुमति है। मैं कौन हूँ?
- A) Rate Contract
- B) Lump Sum Contract
- C) Piece Work Contract
- D) Schedule Contract
Correct Answer: Schedule Contract
Explanation: Explanation :
Q9. 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:
Q10. Which of the following is an agreement that is expressly declared void? निम्नलिखित में से कौन सा समझौता स्पष्ट रूप से शून्य घोषित किया गया है?
- A) Agreement restraining marriage
- B) Agreement to buy a house
- C) Agreement for employment
- D) Agreement for partnership
Correct Answer: Agreement restraining marriage
Explanation: Explanation : Agreements that restrain marriage or trade are expressly declared void under contract law.
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