Questions Bank - Accounts Department ( Budget)

Questions on Budget 

1. What is the need for a budget? 

2. Explain briefly the role of the budget as an instrument of planning? 

3. Explain the role of the budget as an instrument of management? 

4. Trace the evolution of the Railway Budget and its separation from general budget? 

5. Why was the Railway Budget separated from the general budget? 

6. Explain the role of the budget as an instrument of control? 

7. What is the structure of a Govt. Budget? 

8. What is voted expenditure? 

9. What is changed expenditure? 

10. What is the structure of Railway Budget? 

11. How is Revenue Expenditure identified? 

12. How is Capital Expenditure identified? 

13. What are demands for grants? 

14. What do you understand by Activity Based system of classification of Accounts? 

15. What are plan Heads? 

16. Discuss two indices of profitability 

17. What is operating ratio? 

18. What do you understand by Return on Capital 

19. What do you understand by Capital Budget? 

20. What do you understand by Capital at charge? 

21. What do you understand by loan account and block account? 

22. What do you understand by internal accounts? 

23. What is entire budgetary financing? 

24. What is entire budgetary support? 

25. What is dividend liability and what is its rate ? 

26. What services do Railways sell? 

27. Where do the stations deposit the receipts from sale of services? 

28. Can we use the receipts for our expenditure? If so, under what circumstances? 

29. From where do we get money for our expenditure? 

30. What are the two broad categories of Railway's expenditure? 

31. What is meant by works expenditure? 

32. What is a budgetary support? 

33. Name any three schemes through which alternate finance is arranged. 

34. How is the appropriation to Depreciation Revenue Fund decided? 

35. Explain whether appropriation to DRF is revenue expenditure or works expenditure. Why? 

36. What is the necessity of a pension fund? 

37. From where does the pension fund get the money? 

38. Why and to whom do the Railways pay dividend? 

39. Why is dividend revenue expenditure? 

40. How is the development fund financed?

41. To what uses is the DF put? 

42. What is "internal" about internal check?

43. Who does the internal check of expenditure and earnings? 

44. What are the stages of internal check of expenditure? 

45. If an Accounts officer doing internal check opines that certain orders / rules issued by the Board are open to objection, what action is taken? 

46. What is a pre-check? 

47. What are the exceptions to "pre-check" system? 

48. When is the post-check normally permitted? 

49. What major checks are exercised while scrutinizing the expenditure? 

50. What does a "bill" represent? 

51. Give five examples of contingent office expenditure. 

52. What is meant by cash-imprest? 

53. Who sanctions cash imprest? 

54. How often should imprest account be normally cleared? 

55. What is the necessity of Traffic Accounts office? 

56. Describe how cash collected at stations gets credited to Consolidated Fund of India. 

57. How many copies of C.R. note are sent by the station to the cash office? 

58. What does the leather bag deposited by Station Manager with the Guard carrying travelling cash safes, contain? 

59. What are the functions of a TIA?

60. What is the use of DRF? 

61. What are the canons of financial propriety?