Store

Part 3 of 3

Q1. The document which is the authority for shop to undertake manufacture of component is:-

a : Route card
b : Job card
c : Material tag
d : Scroll sheet

Q2. On Cost charges are distributed among the various jobs at the pre determined rates on:-

a : Indirect labour charges
b : Direct labour charges
c : Total labour charges
d : None of the above

Q3. Statement :-" PF contribution payable be Govt. to shop staff is an item of indirect expenditure is classified as Shop on cost. "

a : True
b : False

Q4. Statement :-" Payment made under workmen compensation act is allocated to Performa on cost. "

a : True
b : False

Q5. Statement :-" Depreciation of workshop plant and building is taken into account for calculation of Performa on cost. "

a : True
b : False

Q6. Statement :-" Expenditure on sanitary arrangement in a workshop is allocated to Shop on cost. "

a : True
b : False

Q7. If store is classified as dead surplus store then :-
अगर भंडार की किसी चीज को अचल अधिशेष के रुप में वर्गीकृत किया गया है, तो

a : It is not utilised in past 24 months.
पिछले 24 महीनों में इसका उपयोग नहीं किया गया है।
b : It will not be utilised in next 24 months
अगले 24 महीनों में इसका उपयोग नहीं किया जायेगा।
c : Both a and b above
उपरोक्त a और b दोनों
d : Only a
केवल a

Q8. Statement
I) Cost of custody stores is straight away depicted to work concerned.
II) Custody stores lie in the workshop-

a : Only I is correct
b : Only II is correct
c : Both I & II are correct
d : Both I & II are incorrect

Q9. After totaling labor, stores and misc. for the month relating to each work the total is transferred to-

a : Workshop General register.
b : Account current.
c : WMS
d : PH -71

Q10. All on cost other than proforma on cost incurred in common in more than one shop is called :-

a : Shop on cost
b : General on cost
c : Workshop cost
d : None of the above

Q11. The SV sheet prepared by stock verifier is form :-

a : S1260
b : S1280
c : S1240
d : S1220

Q12. SFC is quantity of fuel consumed per:-

a : 1000 GTKM
b : 1000 NTKM
c : 100 GTKM
d : 100 NT

Q13. Indirect Cost are also called:-

a : Prime cost
b : On Cost
c : Prime and on cost.
d : None of the above

Q14. Which SMH covers the expenditure of r & m of carriages & wagons:-

a : 8
b : 3
c : 4
d : 6

Q15. In which PU the cost of direct purchases are booked:-

a : 27
b : 28
c : 32
d : 99

Q16. Which of the following PH is for M&P programme:-

a : 41
b : 42
c : 21
d : 53

Q17. Which of the following erstwhile demand dealing with POH of EMU :-

a : 5
b : 6
c : 7
d : 8

Q18. How many PH do we have :-

a : 16
b : 88
c : 27
d : 13

Q19. Erstwhile demand number 10 is used for booking of -

a : Fuel
b : Rolling stock
c : Traffic
d : New lines

Q20. Which of the following is not canons of financial propriety :-

a : Expenditure should not be more than demand
b : It should not be used for own benefit
c : TA should not be source of income
d : public money is for benefit of persons

Q21. What is the codal life of icf coaches :-

a : 25
b : 30
c : 36
d : 40

Q22. Which of the following fund is used for replacement of over aged asset:-

a : DF
b : Capital
c : DRF
d : OLWR

Q23. Which of the following statement regarding stock items are correct:-
    i) such items are kept at custody of stores department
    ii) frequently and regularly require
    iii) its unit cost justifies incurring inventory carrying cost associated with these items.

a : only i) and ii)
b : only ii)
c : all
d : only ii) and iii)

Q24. Items for store where there is regular turnover caused by a constant demandand which are stored by stores dept in depot are called :-

a : Ordinary Stores
b : Emergency Stores
c : Special Stores
d : Surplus Stores

Q25. The standard classification of stores has been done in IR code for stores dept Vol-I under para:-

a : 201
b : 301
c : 401
d : 501

Q26. As per IR code for stores dept vol-i the which of the following options regarding sources of supply or receipt of material required by railway is correct:-

a : Purchases
b : Purchases and manufactured at workshop
c : Purchases, manufactured at workshop, transfers from other railway / department.
d : Purchases, manufactured at workshop, transfers from other railway / department and returned.

Q27. A contract under which, during the period of its currency, the contractor engages to supply material on demand, irrespective of quantity, at fixed unit rate or prices within a given period of the receipt of such demand is called:-

a : Rate contracts
b : Running contracts
c : Schedule contract
d : Lumpsum contract

Q28. Stock Verification is done by:-

a : Stores department
b : Accounts department
c : Both by a) and b)
d : None of the above

Q29. For purchase through tender / placing indents in the normal course for stock and non stock item CMM has power of upto: -

a : 1 crore
b : 2 crore
c : 5 crore
d : 10 crore

Q30. For approval of AAC OF A,B and C category items vetting of HQ finance is required only for:-

a : A Category
b : b Category
c : A & B category
d : A, B and C category

Q31. For signing of non-stock requisitions by user departments JAG/SG has powers:-

a : Upto 15 lakhs
b : Upto 25 lakhs
c : Upto 35 lakhs
d : Upto 45 lakhs

Q32. For indigenous procurement open tender of a non-GeM item in normal course Sr Scale Office has power of Rs:-

a : 3 lakhs
b : 8 lakhs
c : 25 lakhs
d : 50 lakhs

Q33. Total members in a TC above 45 lakhs upto Rs 1 crore will be:-

a : 3
b : 2
c : 4
d : 5

Q34. Accepting authority for TC above Rs 1 crore and upto 5 crore will be :-

a : AGM
b : CMM
c : DY CMM
d : GM

Q35. Cost of RPF staff is allocated to:-

a : Shop on cost
b : General on cost
c : Performa on cost
d : None of the above

Q36. The suspense account operated upon to accommodate expenses incurred on labour, material and on cost expended on various jobs is termed as:-

a : Labour suspense account
b : Stores suspense
c : WM’S Account
d : Workshop manufacturing account

Q37. TDS is deducted at what percentage in stock items bills:-

a : 2%
b : 1%
c : 1.5%.
d : 5%

Q38. TDS is deducted when the PO value is above :-

a : 1 lakh
b : 1.5 lakh
c : 2 lakh
d : 2.5 lakh

Q39. The PU for charging cost of electrical energy is :-

a : 30
b : 32
c : 28
d : 25

Q40. The salary of SSO (Stores) will be chargeable to :-

a : PU 27
b : PU 28
c : PU 01
d : PU 99

Q41. The stamp paper value of bank guarantee should be equivalent to :-

a : .10 % of contract value
b : .25% of contact value
c : .50% of contact value
d : .75% of contract value

Q42. The FDR submitted by supplier for security deposit should be addressed in favour of:-

a : COS
b : PFA
c : GM
d : None of the above

Q43. The role of accounts department w.r.t paper security deposited in form of SD is of:-

a : CONSIGNEE
b : INDENTOR
c : CUSTODIAN
d : None of the above.

Q44. In case of supplier is govt department the TDS deducted for supply of stock item will be:-

a : 1 %
b : 2%
c : 2.5 %
d : 0 %

Q45. After restructuring of railway board as per Dopt letter dtd: 02.09.20 the work of stat and econ. will be looked after by :-

a : Member operation and business development
b : Member finance
c : Finance commissioner
d : None of the above

All question carefully copy paste from IRIFM - A Thousand and one question but if any mistake found please write on comment box. Also any suggestions write down in comment section. 

IRIFM- Thousand and one question