MCQ Test

for trainees of Stores & Workshop Accounts July 2022 @ IRIFM Campus II
—----------------------------------------------------------------------------------------------------------------------------
No of questions: 50 No of Marks: 100 Time: 1 Hour
—----------------------------------------------------------------------------------------------------------------------------
Name: Office & Railway

Desg: Mobile Number

—----------------------------------------------------------------------------------------------------------------------------
1. Emergency stores should never be classified as _______________ { D }
A. Overstock
B. Inactive
C. Surplus Stores
D. All the above
2. Surplus stores are those stores which are not issued for __________ { D }
A. 36 months
B. 12 months
C. 18 months
D. 24 months
3. Inventory Turn Over Ratio is calculated for ________________ { C }
A. Without Fuel
B. With Fuel
C. With and without Fuel
D. None of the above
4. PL number is ___________ { B}
A. 6 Digits
B. 8 Digits
C. 10 Digits
D. 12 Digits
5. ABC analysis is also called ______________ { D }
A. Value analysis
B. Volume analysis
C. Value Volume
D. None of the above
6. Which of the following are correct regarding the sanction of M&P? {D }
A. PCME can sanction items costing more than Rs.50 Lakhs
B. Zonal Railways can sanction Road vehicles under M&P
C. Two Wheelers require the sanction of the General Manager
D. SAG Officer has the power to sanction M&P Items costing up to Rs.20 Lakhs
7. Which of the following is not the role of COFMOW { D}
A. Procurement of M&P items costing above Rs.30 Lakh
B. Preparing specifications for M&P
C. Circulating cost compendium to Zonal Railways
D. Procurement of Road Vehicles
8. Which of the following are not correct regarding finance concurrence/vetting of M&P
items { B }
A. Vetting of Detailed Estimate for items sanctioned under M & P
B. Vetting of NS Indents for the items sanctioned under M & P
C. Accord concurrence for M&P proposals costing above Rs.10 Lakhs
 D. Vetting of the Revised Estimates due to cost escalation and other than Cost
escalation
9. Which of the following can be procured under the Bulk Rolling Stock Programme? { C}
A. Coaches
B. Wagons
C. Locos
D. All the above
10. For which of the following Plan Heads, Mechanical Department is not the nodal
department? {
B }
A. PH 4100
B. PH 5300
C. PH 2100
D. PH 4200
11. Which of the following statements are correct regarding the proposal/sanction of the
RSP items? I. Items under Bulk RSP need to be proposed at Zonal Railways. II. Items
under itemized RSP require the sanction of General Manager III. Items under Itemised
RSP to be proposed by the Zonal Railways. {B }
A. I only
B. III only
C. I & III only
D. II only
12. The work in a Stores Depot consists of _____________ { D }
A. Receipts and Inspection of Stores
B. Storage and Issue of Materials
C. Dispatch of Materials
D. All of the above
13. Major Works in Receipt section _________________ { D }
A. Receipt of Materials
B. Accountal of Materials
C. Dealing of Rejections
D. All of the above
14. Various types of Issues in Ward and posting of Issue Vouchers is ________ { D }
A. Through Ordinary or Regular issues
B. Through Book Transfer Issues
C. Through Imprest Issues
D. All of the above
15. All shelf life items are required to be issued ___________ { B }
A. At one go
B. First in First out - FIFO
C. Last in Last Out
D. None of the above
16. UDM stands for ____________________ {A }
A. User Depot Module
B. Using Depot Machine
C. User Development Module
D. None of the above
17. What can be done in UDM __________________ { D }
A. Creation of Computerised Ledgers
B. Receipt of Materials
C. Issue of Materials to Different stakeholders
D. All of the above
 D
18. What are the intended benefits of UDM ______________ { }
A. Computerization of the entire supply chain
B. Optimization of Material Procurement leading to cost reduction and economy
C. Traceability of material usage leading to improved Asset maintenance
D. All of the above
19. What is the capabilities of UDM __________________ { A}
A. Creation of Computerized ledgers
B. Receipt of Materials from other Railways
C. Receipt of Materials from unconnected Receipts
D. All of the above
20. What does TOR imply _______________________________ { A }
A. Turn Over Ratio
B. Turning Over Ration
C. Test of Ratio
D. None of the above
21. Functions of Ledger Section _____________________________ { A }
A. Critical scrutiny and processing of Demands and Opening of New headings
B. Prompt submission of updated monthly consumption to the Hqrs
C. To alert the Hqrs in case of any shortfall in item quantity
D. All of the above.
22. Yardsticks of measurement of work in CLW pattern of Incentive Scheme { B}
A. Standard Production Unit
B. Time
C. SCN Coach
D. BOXN Wagon
23. The yardstick of measurement of work in Group Incentive scheme { A }
A. Standard Production Unit
B. Time
C. SCN Coach
D. BOXN Wagon
24. Minimum percentage of Incentive Bonus in case of CLW pattern incentive scheme { A }
A. 10 %
B. 20 %
C. 33.33 %
D. 50 %
25. Minimum percentage of Incentive Bonus in case of Group Incentive Scheme { B }
A. 10 %
B. 20 %
C. 33.33 %
D. 50 %
26. Maximum percentage of Incentive Bonus in case of CLW pattern incentive scheme{ D }
A. 10 %
B. 20 %
C. 33.33 %
D. 50 %
27. Maximum percentage of Incentive Bonus in case of Group Incentive Scheme { C}
A. 10 %
B. 20 %
C. 33.33 %
D. 50 %
28. Frequency of Accounts Stock Verification of A Category items in Stores Depots { D }
A. 1 year
B. 2 years
C. 3 years
D. 6 months
B
29. Frequency of Accounts Stock verification of Revenue stores in Open Line units { }
A. 1 year
B. 2 years
C. 3 years
D. 6 months
30. Stock Sheet is prepared by ASV in ____________ { B}
A. Duplicate
B. Triplicate
C. Single copy
D. None of the above
31. Accounts Stock verification is in Chapter 32 of ____________ { C }
A. Accounts Code
B. Stock Verification Manual
C. Stores Code
D. Engineering Code
32. Stores in Stock A/c and Purchase Suspense A/c always shows _________ &
__________ respectively { A }
A. Debit Balance & Credit Balance
B. Credit Balance & Credit Balance
C. Debit Balance & Debit Balance
D. Credit Balance & Debit Balance
33. The receiving depot receives the vouchers but the actual material has still not reached
the depot from the Issuing Depot due to a delay in transit. In such case the receiving
depot Depot operates a temporary suspense account called __________ { C}
A. Purchase Suspense A/c
B. Stock Adjustment A/c
C. Stores in Transit A/c
D. Stores in Stock A/c
34. During the process of Scrap Sales, the following Suspense Head is operated in Railway
Books { D }
A. Purchase Suspense A/c
B. Sales Suspense A/c
C. Stores in Transit A/c
D. Demands Recoverable A/c
35. Which one of the following Suspense Head is not operated for Stores Transactions
under erstwhile Demand No.16 { D }
A. Sales Suspense
B. Purchase Suspense
C. MAC - Miscellaneous Advance Capital
D. Labour Suspense
36. ______________ is the basis for claiming payment by Supplier for supply of the
material B{ }
A. Issue Note
B. Receipt Note
C. Debit Note
D. Credit Note
37. If AAC is 3600 Nos, then monthly requirement is ____________ {C }
A. 100
B. 200
C. 300
D. 400
38. Pre-check / vetting of Purchase Order required for the value above Rs. ______ (other
than Safety & Passenger Amenities) { A }
A. 8 Lakh
B. 7 Lakh
C. 6 Lakh
D. 5 Lakh
39. CRAC in GeM means _______________________ { C}
A. Central Receipt & Acceptance Certificate
B. Central Railway Acceptance Certificate
C. Consignee Receipt & Acceptance Certificate
D. Central Receipt & Accounting Certificate
40. Dy. CMM at Hqrs can accept Tender committee recommendation for purchase of items
valuing up to ______________ {B }
A. Rs. 25 Lakhs
B. Rs. 50 Lakhs
C. Rs. 50 Lakhs to Rs.1 Crore
D. Rs. 1 Crore to Rs. 10 Crores
41. Track fittings are purchased by _______________ Department { A }
A. Stores
B. Mechanical
C. Engineering
D. Operating
42. The Direct control over the affairs of all the Workshops including the Budgetary control
in a Zonal Railway rest with ____________________ { D }
A. Chief Planning Engineer - CPE
B. Chief Rolling Stock Engineer - CRSE
C. Chief Motive Power Engineer - CMPE
D. Cheif Workshop Engineer - CWE
43. Technical control over the Carriage and Wagon maintenance of activities in all depots,
yards, and open line in zonal Railways rest with ____________ { B}
A. Chief Planning Engineer - CPE
B. Chief Rolling Stock Engineer - CRSE
C. Chief Motive Power Engineer - CMPE
D. Cheif Workshop Engineer - CWE
44. The Direct control of the affairs of a Railway Workshop is exercised by ______ { D }
A. Chief Planning Engineer - CPE
B. Chief Rolling Stock Engineer - CRSE
C. Chief Motive Power Engineer - CMPE
D. Cheif Workshop Engineer - CWE
45. Construction and assembling of Rolling Stock, Manufacturing of Components, Repair &
maintenance works related to the Rolling stock of other Govt depts and private bodies is
done at _____________________ { B }
A. Zonal Railway Workshops
B. Production Units of IR
C. PSUs - Public Sector Undertakings of Central Govt.
D. Public Limited Companies
 46. The efficiency of Railway workshop activities is dependent on the functions of
_______________ { A }
A. PCO - Production Control Organisation
B. ERP Management
C. Progress Office
D. Time Office
47. Drawing, Planning, Processing, Rate Fixing, Production Control, Progress, Inspection &
quality control are the functions of ___________________ {A }
A. PCO - Production Control Organisation
B. ERP Management
C. Progress Office
D. Time Office
48. The purpose of arriving the unit cost of Rolling Stock in IR Production Units is to arrive
the decisions on ___________________ { B }
A. acquisition of Rolling Stock
B. maintenance of Rolling Stock
C. Selling of Rolling Stock
D. Leasing of Rolling Stock
49. Railway Production Units engaged in Rolling Stock manufacturing activity will adopt
___________ costing system ( A )
A. Process
B. Batch
C. Job Order
D. Standard
50. In Production Units, expenses related to GM Office including electricity charges and diet
charges are known as __________
A. Factory Overheads B
B. Administrative Overheads
C. Township Overheads
D. Inventory Overheads

Feedback of the above Test { }

A. Very Difficult B. Difficult C. Easy D. Very Easy

Answers:

1. D
2. D
3. C
4. B
5. C
6. D
7. D
8. B
9. D
10. B
11. B
12. D
13. D
14. D
15. B
16. A
17. D
18. D
19. D
20. A
21. D
22. B
23. A
24. C
25. B
26. D
27. D
28. D
29. B
30. B
31. C
32. A
33. C
34. B
35. D
36. B
37. C
38. A
39. C
40. C
41. C
42. D
43. B
44. D
45. A
46. A
47. A
48. C
49. B
50. B

****