38
MCQs | Pre – Test for Promotion Linked Training (PLT) for Education Department
Important
MCQs
Budget,
GST & PST and Income Tax
The
Pre-Test (MCQs) for Promotion Linked Training (PLT) for the Education
Department is designed to assess the knowledge and understanding of
participants in key areas such as Budget, GST & PST, and Income Tax.
The
Budget section of the test aims to evaluate the comprehension of participants
regarding the allocation and management of financial resources within the
Education Department. It will cover topics such as revenue sources, expenditure
priorities, and budgetary constraints. Participants will be required to
demonstrate their understanding of budgeting principles and their ability to
make informed decisions based on financial data.
The
GST & PST segment of the test will assess the participants' knowledge of
Goods and Services Tax (GST) and Provincial Sales Tax (PST) regulations. They
will be evaluated on their understanding of the key concepts, such as taxable
supplies, input tax credits, and tax exemptions. Participants will be expected
to apply this knowledge to various scenarios to determine the correct GST and
PST calculations.
The
Income Tax component of the test will focus on the understanding of
participants regarding the income tax system, including the basic rules,
exemptions, deductions, and tax brackets. They will be tested on their ability
to calculate taxable income, determine tax liabilities, and interpret
tax-related documents, such as T4 and T1 forms.
This
Pre-Test is an essential component of the Promotion Linked Training (PLT) for
the Education Department as it provides a foundation for participants to
further enhance their knowledge and skills in critical financial areas. The
outcomes of this test will help identify gaps in knowledge and determine the
appropriate training methods to address these gaps, ensuring that participants
are well-prepared for their future roles within the Education Department.
38
MCQs | Pre – Test for Promotion Linked Training (PLT) for Education Department
Important
MCQs
Budget,
GST & PST and Income Tax
1. Budget is a description of --------------- an
organization:
A. Rule
of business
B. Financial plan
C. Administrative
power
D. None
of these
2. A method of budgeting in which all expenditure is
justified in each new period is:
A. Cash
budgeting.
B. Revenue
budgeting.
C. Expense
budget.
D. Zero based budgeting.
3. The amount exempted from the income tax is less than
or equal to:
A. 700000
B. 800000
C. 900000
D. 600000
4. Budget estimates are revised during the current
financial year through:
A. PPRA
Rule
B. Delegation
of Financial powers
C. 2nd statement of excesses and surrenders
D. None
of these
5. Adhoc relief allowance increases with increase in
Basic pay:
A. Special
allowance 25%.
B. Special
allowance 15%
C. Adhoc
relief allowance 2022 15%
D. None
6. Budget of vacant post is calculated from ---------- stage
of pay scale:
A. Average
of 1 and last.
B. 1st
C. Last
D. None
of these
7. Integrated allowance is not for:
A. Naib
Qasid/Qasid
B. Daftri/Frashes/Sweeper/Sweepers
C. Chowkidar/
Security Guard
D. Bulavi/Mali
8. Following is not included towards pension:
A. Personal Allowance
B. Personal
Pay
C. Basic
Pay
D. Senior
Post Allowance
9. Planning and budgeting are two --------------
operations:
A. Segregate
B. Complementary
C. Aggregate
D. Vice
versa
10. 2nd statement of excesses and surrenders
is prepared on the bases of last --------------- month’s expenditure of the
running Financial Years:
A. 4
B. 6
C. 8
D. 10
11. 2nd statement of excesses and surrenders
is prepared in the month of ---------------:
A. February
B. March
C. April
D. May
12. In the process of budgeting at --------------- level
targets are fixed 1st and income is generated accordingly:
A. Macro
B. Micro
C. Individual
D. None
of these
13. N.S.B. relates to:
A. Other than salary estimate.
B. Basic
Pay
C. Regular
Allowances
D. None
of these
14. 2nd statement of excesses and surrenders
means:
A. Additional
Allocation
B. Schedule
of new Establishment
C. Supplementary Grant
D. None
of these
15. Budget is a ---------- and --------- tool for the
financial management of an organization.
Answer: Planning,
Controlling
16. Planning and budgeting are ------------- complementary
operations:
Answer: Two
17. Three fundamental types of budgets are:
Answer:
1.
Revenue
budget
2.
Cash
budget.
3.
Expense
budget
18. Two approaches of budgeting are:
Answer:
1. Incremental
2. Zero
Based budget
19. Letter to collect information right from DDOs and
line of Head of offices is called ---------------:
Answer:
Budget call letter
20. Monthly expenditure statement is prepared by
---------- and verified by -----------:
Answer: DDO, DAO
21. ------------ is responsible to prepare school
budget:
Answer: DDO
22. School need ----------- to carry out their program.
Answer: Budget
PART
– TRUE / FALSE
Please circle the true/ false:
23. Budget is a statement of receipt and expenditure
during a financial year. (TRUE)
24. Budget is a tool to give input required to achieve
output. (TRUE)
25. Category wise number of sanctioned posts is not
required for preparation of budget. (FALSE)
26. An expenditure statement is prepared after 3 months.
(FALSE)
27. Pay along with allowances are calculated for
preparation of budget. (TRUE)
PART
- ABBREVIATIONS
24. These abbreviations stands for:
Ø NSB -------------- Non-Salary
Budget
Ø BCL -------------- Budget
Call Letter.
Ø DDO ------------- Drawing
Disbursing Officer
Ø BM --------------- Budget
Manual
Ø SNE -------------- Schedule
of New Expenditure.
Ø DP ---------------- Draft
Para
Ø MEFDAC ------------ Memorandum
For Departmental Accounts Committee
Ø SDAC ------------- Special
Departmental Accounts Committee
Ø GDAC ------------- General
Departmental Accounts Committee
Ø AP ------------------ Advance
Para.
FORUM FOR SETTLEMENT
1. Forum
for settlement of Audit observation is -------? (DAC)
2. Forum
for settlement of Advance Para is ----------? (SDAC)
3. Forum
for settlement of Draft Para is ----------? (PAC)
4. Forum
for settlement of MEFDAC is ----------? (SDAC)
5. Forum
for settlement of proposed Draft Para is ----------? (SDAC)
27. 1ST statement Excess and
surrender contains expenditure for Months of -------------?
A. July to October.
B. November
to February.
C. March
to June.
28. Second statement of Excess and
surrender contains expenditure for Months of ---------------?
A. November
to June.
B. July to February.
C. March
to June.
29. Principal of Accounting Officer of
District Education Authority is: -
A. DEO
(SE)
B. DDO
C. CEO (DEA)
D. Chairman
(DEA)
30. Re-appropriation of funds is the
competency of officer in category: -
A. I
B. II
C. III
D. IV
31. P.S.T is charged on labour at the
rate of:
A. 16%
B. 10%
C. 4.5%
D. 17%
32. G.S.T is charged on purchases from
registered firm at the rate of:
A. 16%
B. 10%
C. 4.5%
D. 17%
33. Income tax is deducted for purchases
from the registered firm at the rate of:
A. 16%
B. 10%
C. 4.5%
D. 17%
34. Income tax is deducted on labour of registered
firm:
A. 16%
B. 10%
C. 4.5%
D. 17%
35. G.S.T is deducted at source from
registered firm:
A. 2/5
B. 3/5
C. 4/5
D. 1/5
36. Basic pay of officers/
officials is calculated on form:
A.
BDD3
B.
BDC3
C.
BDR
D.
BDO3
37. Adhoc relief
Allowance does not increase with increase in Basic
Pay:
A. 2016
B. 2017
C. 2018
D. 2019
38. Integrated allowance is for:
A.
Science teacher.
B.
Head of Institution.
C.
Clerk of School.
D.
Class-IV employee.