Railway Question Bank - LDCE ( Account) - June 2001

Railway Question Bank - LDCE ( Account) - June 2001

GK I Expand the following abbreviations

 (i) CBEC 

(ii) ICICI 

(iii) IRCON 

(iv) PAC 

(v) LIBOR 

(vi) SAIL 

(vii) TRAI 

(viii) BOLT 

(ix) UNESCO 

(x) SEBI 

GK II write short notes on ANY FIVE

I. BALCO disinvestment 

II. Dabhol power project 

III. External commercial borrowing 

IV. Moody‟s rating 

V. Narmada river valley project 

VI. Green house effect 

VII. Public distribution system 10 marks 

GK III. write short notes in not more than 200 words on ANY ONE of the following 

i. Official language policy

 ii. Renewable energy sources

 iii. Information technology 10 marks 

GK 4 name the authors of the following books

i. God of small things 

ii. Discovery of India 

iii. Malgudi days 

iv. Das capital 

v. War and peace 5 marks 

GK 5 name the sports associated with the following

i. Ranji trophy 

ii. Durand cup 

iii. Rangaswamy cup 

iv. Thomas cup 

v. Wimbledon 5 marks 

GK 6 Use the following pairs of words in sentences of your own

i. Poll – pole 

i. Adept – adapt 

iii. Excepted – expected

 iv. Opposite – apposite 

v. Cite – site 

GK 7 Fill up the blanks with suitable preposition

The cabinet __________ Wednesday decided _________ form a sub-committee _____ draw ______ a white paper __________ the financial position _____ the state. The Government wanted ________ place the factual position _____ the people ______ the white paper

SECTION B 

max marks 100  This section contains two parts A and B. attempt any four questions taking any two from each part. All questions carry equal marks 

BA 1. Indian railways are required to fund not only commercially viable projects but also non-viable but socially relevant projects over the few decades. The massive investment requirements of the shelf of pending projects need innovative measures for funding. Outline some of the specific initiates taken by the railways in this direction and suggest further measures to over come the problem of resource crunch. 

BA 2 how is parliamentary control over railway‟s finances exercised? What is the role of various parliamentary committees in this process? 

BA 3 writes short notes on ANY FOUR 

i. Ways And Means Advances 

ii. Rakesh Mohan Committee 

iii. Railway Safety Fund 

iv. Action Taken Note‟ 

v. Commercial Exploitation Of Land 

vi. Amortization 

BA 4 what is zero based budgeting. What are the steps taken by the railways in the last five years to adopt this system? 

BA 5 what is the role of statutory audit on the Indian railways? Is it possible to dispense with the organization if the internal auditing system is strengthened? 

PART B 

BB 1 what is appropriate accounts? Annexure J is the index of efficiency of accounts department. Discuss 

BB2 there is urgent need to simplify the procedure and speed up the realization and accountal of traffic earnings. Discuss duly explaining the present system in detail 

BB3 railways operate a large number of suspense heads. Discuss the need the context and the method of operation of any THREE of them selecting one each from earnings, revenue and expenditure and works expenditure 

BB4 the delay in making available the acutals and the wide variation between the approximate and actual render the present system of closing of accounts ineffective and liable for criticism. Give concrete suggestions to make tangible improvements in this area 

BB5 physical performance and financial results do not go in tandem so far as earnings are concerned. What are the factors responsible for such a divergence? &/&/&/ WWW 

 LDCE QUESTION PAPERS 15th June 2001 

PAPER II 

This paper contains two sections A and B. both sections have to be answered .Section A is compulsory for all candidates and carries maximum of 50 marks. Section B which carries maximum of 100 marks has two parts A and B. candidates should attempt either of the two parts depending on their optional subject 

SECTION A (max marks 50) 

A1 There is an overwhelming view that cross-subsidisation of passenger fare by freight rate should be given up and there should be alignment of tariff with the costs. How far our traffic costing system can be relied upon to take decisions in such important aspect? Do you have any suggestions to make? 

A2. What are financial ratios? Enumerate any three of them and examine their applicability to railway working 

A3. With the computerisation of accounts is should be possible to determine the cost activity wise. Do you agree? What further measures are required to have meaningful data? 

A4. What is the meaning of life cycle costing? What are the areas where it can be employed? Is it an improvement over the normal costing system? Or What is marginal costing? Explain the scope for adopting this concept for maximising the intensity of use of railway assets 

SECTION B Important: This section contains two parts A and B. Either part A or part B should be attempted by candidates depending on their choice of optional 

Part A (TRAFFIC ACCOUNTS AND STATISTICS; ESTABLISHMENT)

Answer any three questions. All questions carry equal marks 

BA 1. How effective is the internal check mechanism of passenger reservations (PRS) and Advanced Railway Ticketing System (ARTS)? Is the system fool proof and free from frauds? 

BA2. The magnitude of outstanding under Traffic Suspense reflects the efficiency of traffic accounts office. Discuss BA3.

 (i) What are the important operating statistics relating to goods operations? 

(ii) What is Specific Fuel Consumption? How it is computed for diesel and electric traction? 

BA 4 writes short notes on: I. Workmen‟s compensation

 II. Transport allowance 

III. Annual statistical statement No 40 

IV. Operating ratio 

V. Pension fund 

BA 5. „Recommendation of V pay commission has thrown railway finances out of gear do you agree? Or Elaborate the procedures of internal check of establishment claims in a computerised environment as distinct from manual bills 

 PART B

 (GENERAL EXPENDITURE ACCOUNTS, WORKSHOP, AND STORES ACCOUNTS) Answer any THREE questions. All questions carry equal marks 

BB1. What are the latest instructions from Railway Board regarding 

(1) award of contracts n single tender basis for execution of works and 

(2) post tender negotiation?

 BB2. Write short notes on: 

(i) risk purchase 

(ii) profroma on cost 

(iii) “make” or “buy” decision 

(iv) completion reports 

(v) variation in quantities in a works contract 

BB3. “The workshop out-turn statements truly and effectively reflect shop activities and efficiency of workshops accounts office”. Discuss with particular reference to checks to be exercised in the preparation of statement 

BB4. How far stock verification can contribute to better material management? What improvement, if any, would you suggest to make it more effective? 

BB5. Explain the linkage between stores, WMS and Revenue Budget 

BB6. There has been a spurt in the cases referred to for arbitration on this railway. How far is this attributable to the recent changes in the arbitration act? Are there deficiencies in contract formulation and management? Suggest remedies.