Which is NOT a central Service? (1) Indian Police Service (2) Indian Foreign Service (3) Indian Audit & Accounts Service (4) Indian Revenue Service

Which is NOT a central Service? (1) Indian Police Service (2) Indian Foreign Service (3) Indian Audit & Accounts Service (4) Indian Revenue Service
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(1) Indian Police Service Explanation: The Central Civil Services are concerned with the administration of the Union Government. All appointments to Civil Services, Group A are made by the President of India. Indian Revenue Service, Indian Foreign Service, Indian. Audits and Accounts Service, Indian Trade Service, etc are all central civil services. Indian Administrative Service, Indian Forest Service and the Indian Police Service are All India Civil Services (AIS), the appointments of which are made by the President of India.
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The Indian Constitution provides the country with three categories of civil services, namely (1) all India, central and state services (2) administrative, railway and police services (3) administrative, police and revenue services (4) administrative, police and foreign services

Description : The Indian Constitution provides the country with three categories of civil services, namely (1) all India, central and state services (2) administrative, railway and police services (3) administrative, police and revenue services (4) administrative, police and foreign services

Last Answer : (4) administrative, police and foreign services Explanation: The constitution under Article 312 provides for the establishment of three allIndia Civil Services: Indian Administrative Service, Indian Police Service ... . All appointments to All India Civil Services are made by the President of India.

Which is not an All India Service? (1) Indian Administration Service (2) Indian Police Service (3) Indian Foreign Service (4) Indian Forest Service

Description : Which is not an All India Service? (1) Indian Administration Service (2) Indian Police Service (3) Indian Foreign Service (4) Indian Forest Service

Last Answer : (3) Indian Foreign Service Explanation: The All India Services are the three all India Civil Services of India, namely the Indian Administrative Service (IAS), the Indian Police Service (IPS) & the ... "central service" instead of an All India Service as they work only in the Central Government).

Which one of the following is not an All India Service? (1) Indian Foreign Service (2) Indian Forest Service (3) Indian Administrative Service (4) Indian Police Service

Description : Which one of the following is not an All India Service? (1) Indian Foreign Service (2) Indian Forest Service (3) Indian Administrative Service (4) Indian Police Service

Last Answer : (1) Indian Foreign Service Explanation: Initially there were only two All India Services: Indian Administrative Services and Indian Police Service. In 1963, Indian Forest Services, India Engineering ... were included as All India Services. India Foreign Service comes under the Central Services.

Which one of the following is not correct about the Panchayats as laid down in Part IX of the Constitution of India? (1) The Chairperson of a Panchayat needs to be directly elected by people in order to exercise the right to vote in the Panchayat meetings. (2) The State Legislature has the right to decide whether or not offices of the Chairpersons in the Panchayats are reserved for SCs, STs or women. (3) Unless dissolved earlier, every Panchayat continues for a period of five years. (4) The State Legislature may by law make provisions for audit of accounts of the Panchayats.

Description : Which one of the following is not correct about the Panchayats as laid down in Part IX of the Constitution of India? (1) The Chairperson of a Panchayat needs to be directly elected by people in ... years. (4) The State Legislature may by law make provisions for audit of accounts of the Panchayats.

Last Answer : (3) Unless dissolved earlier, every Panchayat continues for a period of five years. Explanation: Inflation in the country continued to moderate during 2017-I8. Consumer Price Index (CPI) based ... stated in the Economic Survey 2017-18. There was a significant reduction in food inflation too.

Which one of the following is a subject of the concurrent list? (1) Police (2) Criminal matters (3) Radio and Television (4) Foreign Affairs.

Description : Which one of the following is a subject of the concurrent list? (1) Police (2) Criminal matters (3) Radio and Television (4) Foreign Affairs.

Last Answer : (2) Criminal matters Explanation: Criminal matters is a subject of the concurrent list.

While dealing with complaints of violation of Human Rights by the members of the armed forces, the Commission either on its own motion or on receipt of a petition will - (1) enquire itself (2) give directions to the concerned police officers to enquire (3) seek a report from the Central Government (4) None of the above

Description : While dealing with complaints of violation of Human Rights by the members of the armed forces, the Commission either on its own motion or on receipt of a petition will - (1) enquire itself (2) give ... police officers to enquire (3) seek a report from the Central Government (4) None of the above

Last Answer : (3) seek a report from the Central Government Explanation: While dealing with complaints of violation of Human Rights by the armed forces, the Commission either on its own motion or on receipt of a petition will seek a report from the Central Government.

In relation to offences described under Section 175, Section 178, Section 179, Section 180 or Section 228 of the Indian Penal Code, the Human Rights Commission is to be deemed – (1) Criminal Court (2) Civil Court (3) Revenue Court (4) None of the above

Description : In relation to offences described under Section 175, Section 178, Section 179, Section 180 or Section 228 of the Indian Penal Code, the Human Rights Commission is to be deemed – (1) Criminal Court (2) Civil Court (3) Revenue Court (4) None of the above

Last Answer : (2) Civil Court Explanation: In relation to offences described under Section 175, Section 178, Section 180 or Section 228 of the Indian panel code, the human rights commission is to deemed civil court.

The chairman of the Public Accounts Committee in the Indian Parliament is : (1) The Leader of Opposition Party (2) The Speaker of Lok Sabha (3) The Deputy Speaker of Lok Sabha (4) The Chajman of Rajya Sabha

Description : The chairman of the Public Accounts Committee in the Indian Parliament is : (1) The Leader of Opposition Party (2) The Speaker of Lok Sabha (3) The Deputy Speaker of Lok Sabha (4) The Chajman of Rajya Sabha

Last Answer : (1) The Leader of Opposition Party Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the ... is selected from the opposition. Earlier, it was headed by a member of the ruling party.

Who nominates the Chairman of the Public Accounts Committee of Indian Parliament? (1) The Speaker of Lok Sabha (2) The Prime Minister (3) The President (4) The Chairman of Rajya Sabha

Description : Who nominates the Chairman of the Public Accounts Committee of Indian Parliament? (1) The Speaker of Lok Sabha (2) The Prime Minister (3) The President (4) The Chairman of Rajya Sabha

Last Answer : (1) The Speaker of Lok Sabha Explanation: The Public Accounts Committee is constituted by Parliament for one year term. The Chairman is appointed by the Speaker of Lok Sabha amongst its members.

he journal entry to record a credit sale is a. Cash Sales b. Cash Service Revenue c. Accounts Receivable Service Revenue d. Accounts Receivable Sales

Description : he journal entry to record a credit sale is a. Cash Sales b. Cash Service Revenue c. Accounts Receivable Service Revenue d. Accounts Receivable Sales

Last Answer : d. Accounts Receivable Sales

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Description : Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The ... Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Last Answer : c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940.

From which department obtain sanction to change of date of Birth of a Government Servant who are working in the Indian Audit and Accounts a. Audit Department b. Concerned Ministry c. Comptroller and Audit - General

Description : From which department obtain sanction to change of date of Birth of a Government Servant who are working in the Indian Audit and Accounts a. Audit Department b. Concerned Ministry c. Comptroller and Audit - General

Last Answer : c. Comptroller and Audit - General

Name the body which was established to provide safety and security of SCs' and STs' social, economic, cultural and educational concerns after an amendment in the Indian constitution? (1) Law Commission of India (2) National Commission for SC and ST (3) Special officer for Linguistic Minorities (4) Central Vigilance Commission

Description : Name the body which was established to provide safety and security of SCs' and STs' social, economic, cultural and educational concerns after an amendment in the Indian constitution? (1) Law ... Commission for SC and ST (3) Special officer for Linguistic Minorities (4) Central Vigilance Commission

Last Answer : (2) National Commission for SC and ST Explanation: The 65th constitutional amendment was enacted on 12 March 1990 for the formation of National Commission for Scheduled Castes and Scheduled Tribes ( ... amendment of the constitution in 2003 bifurcated the NCSCST into two bodies for SCs and STs.

Under which Article of the Indian Constitution, the decision of the Central Administrative Tribunal can be challenged in the Su-preme Court? (1) 323 A (2) 329 (3) 343 C (4) 343 K

Description : Under which Article of the Indian Constitution, the decision of the Central Administrative Tribunal can be challenged in the Su-preme Court? (1) 323 A (2) 329 (3) 343 C (4) 343 K

Last Answer : (1) 323 A Explanation: The Central Administrative Tribunal was established in pursuance of Article 323-A of the Constitution. According to this article, the Parliament may by law exclude the ... the Supreme Court under Article 136 with respect to the disputes or complaints regarding the CAT.

The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is not eligible for any further office either under the Central government or the state government after his retirement (4) Can be appointed to any office after his retirement

Description : The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is ... or the state government after his retirement (4) Can be appointed to any office after his retirement

Last Answer : (3) Is not eligible for any further office either under the Central government or the state government after his retirement Explanation: The Comptroller and Auditor General of India is not ... the central government or state government after his retirement current CAG of India - Rajiv Mehrishi.

Which one of the following was established with a definite provision under an Article of the Constitution of India? (1) Union Public Service Commission (2) National Human Rights Commission (3) Election Commission (4) Central Vigilance Commission

Description : Which one of the following was established with a definite provision under an Article of the Constitution of India? (1) Union Public Service Commission (2) National Human Rights Commission (3) Election Commission (4) Central Vigilance Commission

Last Answer : (3) Election Commission Explanation: The Election Commission was established by the Constitution of India under Article 324 directly to ensure free and fair elections in the country. It entrusts the ... legislatures, the office of president of India and the office of vice-president of India.

Members of the Union Public Service Commission can be removed by the– (1) Parliament after a resolution adopted with 2/3rds majority (2) President on a unani-mous recommendation from the Union Council of Ministers (3) President on the basis of an inquiry and report by the Supreme Court (4) President on recommendation from Central Administrative Tribunal

Description : Members of the Union Public Service Commission can be removed by the- (1) Parliament after a resolution adopted with 2/3rds majority (2) President on a unani-mous recommendation from ... an inquiry and report by the Supreme Court (4) President on recommendation from Central Administrative Tribunal

Last Answer : (3) President on the basis of an inquiry and report by the Supreme Court Explanation: Every member holds office for a term of six years or until he attains the age of sixty-five years, whichever ... in the opinion of the President unfit to continue in office by reason of infirmity of mind or body.

What provision in the Constitution enabled the Central Government to impose the service tax and to expand its span? (1) List I, Schedule VII (2) List III, Schedule VII (3) Residuary Powers under Article 248 (4) Emergency Powers

Description : What provision in the Constitution enabled the Central Government to impose the service tax and to expand its span? (1) List I, Schedule VII (2) List III, Schedule VII (3) Residuary Powers under Article 248 (4) Emergency Powers

Last Answer : (3) Residuary Powers under Article 248 Explanation: Under the Residuary powers of legislation enumerated in Article 248 of the Indian Constitution, Parliament has exclusive power to make any law with respect to ... the power of making any law imposing a tax not mentioned in either of those Lists.

The recommendations of Sarkaria Commission relate to which of the following? (1) Distribution of revenue (2) Power and functions of the President (3) Membership of Parliament (4) Centre-State relations

Description : The recommendations of Sarkaria Commission relate to which of the following? (1) Distribution of revenue (2) Power and functions of the President (3) Membership of Parliament (4) Centre-State relations

Last Answer : (4) Centre-State relations Explanation: Sarkaria Commission was set up in June 1983 by the central government of India. The Sarkaria Commission's charter was to examine the relationship and ... and central governments in the country and suggest changes within the framework of Constitution of India.

The primary function of the Finance Commission in India is to - (1) Distribute revenue between the centre and the state. (2) Advise the president on financial matters (3) Advise the president on financial matters. (4) Allocate funds to various ministries of the Union and state Governments.

Description : The primary function of the Finance Commission in India is to - (1) Distribute revenue between the centre and the state. (2) Advise the president on financial matters (3) Advise the president on financial matters. (4) Allocate funds to various ministries of the Union and state Governments.

Last Answer : (3) Advise the president on financial matters. Explanation: The finance commission can only advise the president on financial matters such as distribution of the net proceeds of taxes between the Union and the states.

Which one of the following regarding the procedure and conduct of business in the Parliament is not correct? (1) To discuss State matters (2) To discuss issues of the use of police force in suppressing the Scheduled Caste and Scheduled Tribe communities (3) To discuss issues in dealing with violent disturbances in an Undertaking under the control of the Union Government (4) To discuss issues for putting down the demands of the industrial labour

Description : Which one of the following regarding the procedure and conduct of business in the Parliament is not correct? (1) To discuss State matters (2) To discuss issues of the use of police force in ... of the Union Government (4) To discuss issues for putting down the demands of the industrial labour

Last Answer : (1) To discuss State matters Explanation: The reports of the Comptroller and Auditor-General of India relating to the accounts of the Union shall be submitted to the president, who shall cause them to be laid before each House of Parliament.

The writ of 'Habeas Corpus' is issued in the event of – (1) Los of property (2) Refund of excess taxes (3) Wrongful police detention (4) Violation of the freedom of speech

Description : The writ of 'Habeas Corpus' is issued in the event of – (1) Los of property (2) Refund of excess taxes (3) Wrongful police detention (4) Violation of the freedom of speech

Last Answer : (3) Wrongful police detention Explanation: Habeas corpus means "you must present the person in court". It is a writ (legal action) which requires a person under arrest to be brought ... prisoner can be released from unlawful detention, in other words, detention lacking sufficient cause or evidence.

One of the following is a part of executive. Find out – (1) Member of Legislative Council (2) Member of Rajya Sabha (3) Chief Justice of Supreme Court (4) Sub-Inspector of Police

Description : One of the following is a part of executive. Find out – (1) Member of Legislative Council (2) Member of Rajya Sabha (3) Chief Justice of Supreme Court (4) Sub-Inspector of Police

Last Answer : (4) Sub-Inspector of Police Explanation: The executive arm/tier is the part of government that has sole authority and responsibility for the daily administration of the state. The executive branch executes the law. By ... of the executive as he has to deal with law and order on a day-to-day basis.

Which of the following subjects lies in the concurrent list? (1) Agriculture (2) Education (3) Police (4) Defence

Description : Which of the following subjects lies in the concurrent list? (1) Agriculture (2) Education (3) Police (4) Defence

Last Answer : (2) Education Explanation: Education lies in the concurrent list. Education, includes technical education, medical education and universities, subject to the provisions of Entries 63, 64, 65 and 66 of List I.

Which one of the following is not included in the state list in the Constitution of India? (1) Criminal procedure code (2) Police (3) Law and order (4) Prison

Description : Which one of the following is not included in the state list in the Constitution of India? (1) Criminal procedure code (2) Police (3) Law and order (4) Prison

Last Answer : (1) Criminal procedure code Explanation: Criminal procedure code is not included in the state list.

The Comptroller and Auditor General is closely connected with which of the following Committees of Parliament? (1) The Estimates Committee (2) The Committee on Public Undertakings (3) The Public Accounts Committee (4) All of these

Description : The Comptroller and Auditor General is closely connected with which of the following Committees of Parliament? (1) The Estimates Committee (2) The Committee on Public Undertakings (3) The Public Accounts Committee (4) All of these

Last Answer : (3) The Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament for the auditing of the revenue and the expenditure of the ... after it is laid in the Parliament. CAG assists the committee during the course of investigation.

The Parliamentary Committee which scrutinises the report of the Comptroller and Auditor General of India is – (1) Estimates Committee (2) Select Committee (3) Public Accounts Committee (4) None of these

Description : The Parliamentary Committee which scrutinises the report of the Comptroller and Auditor General of India is – (1) Estimates Committee (2) Select Committee (3) Public Accounts Committee (4) None of these

Last Answer : (3) Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the expenditure ... the course of investigation. None of the 22 members shall be a minister in the government.

The Pension of a High Court Judge is charged on the – (1) Public Accounts of India (2) Consolidated Fund of the State (3) Public Accounts of the State (4) Consolidated Fund of India

Description : The Pension of a High Court Judge is charged on the – (1) Public Accounts of India (2) Consolidated Fund of the State (3) Public Accounts of the State (4) Consolidated Fund of India

Last Answer : (2) Consolidated Fund of the State1 Explanation: The salary and pensions of a High Court Judge is charged on the Consolidated Fund of the State.

Which one of the following Committees is described as the 'twin sister' of the Estimates Committee? (1) Public Accounts Committee (2) Committee on Public Undertakings (3) Departmental Standing Committee (4) Privilege Committee

Description : Which one of the following Committees is described as the 'twin sister' of the Estimates Committee? (1) Public Accounts Committee (2) Committee on Public Undertakings (3) Departmental Standing Committee (4) Privilege Committee

Last Answer : (1) Public Accounts Committee Explanation: The Public Accounts Committee is called the twin-sister of the Estimates Committee. It is its duty to scrutinize the appropriation accounts and the report of ... the expert advice of the CAG based upon a detailed examination of the government's accounts.

Which parliamentary committee in India is normally chaired by a prominent member of the opposition? (1) Committee on Government Assurances (2) Estimates Committee (3) Privileges Committee (4) Public Accounts Committee

Description : Which parliamentary committee in India is normally chaired by a prominent member of the opposition? (1) Committee on Government Assurances (2) Estimates Committee (3) Privileges Committee (4) Public Accounts Committee

Last Answer : (4) Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the revenue and ... is selected from the opposition. Earlier, it was headed by a member of the ruling party.

Which one of the following committees does not consists of any member from the Rajya Sabha? (1) Estimates Committee (2) Public Accounts Committee (3) Public Grievance Committer (4) Committee on Public Undertakings

Description : Which one of the following committees does not consists of any member from the Rajya Sabha? (1) Estimates Committee (2) Public Accounts Committee (3) Public Grievance Committer (4) Committee on Public Undertakings

Last Answer : (1) Estimates Committee Explanation: The Estimates Committee consists of 30 members who are elected by the Lok Sabha every year from amongst its members. A Minister is not eligible for election to this Committee. The term of the Committee is one year.

In which of the Parliamentary Financial Committees is the Rajya Sabha not represented? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Expenditure Committee

Description : In which of the Parliamentary Financial Committees is the Rajya Sabha not represented? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Expenditure Committee

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee consists of 30 members who are elected by the Lok Sabha every year from amongst its members. A Minister is not eligible for election to this Committee. The term of the Committee is one year.

What are the basic, functions of Public Accounts Committee (PAC)? (1) to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects. (2) to examine the accounts of stores and stocks. (3) to examine the statement of accounts of autonomous bodies (4) All the above

Description : What are the basic, functions of Public Accounts Committee (PAC)? (1) to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and ... stocks. (3) to examine the statement of accounts of autonomous bodies (4) All the above

Last Answer : (1) to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects. Explanation: The Public Accounts Committee scrutinises ... s decision and calls attention to cases of waste, extravagance, loss or nugatory expenditure.

Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Description : Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Last Answer : (1) Finance Commission Explanation: Finance commission recommends the president on the principle that should govern the grants-in-aid to the states by the centre.

The largest committee of Parliament of India is – (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Joint Parliamentary Committee

Description : The largest committee of Parliament of India is – (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Joint Parliamentary Committee

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee is the largest parliamentary committee, consisting of 30 members who are elected by the Lok Sabha every year from amongst its ... and suggests alternative policies in order to bring about efficiency and economy in administration.

Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Description : Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee consists of 30 members who are elected by the Lok Sabha every year from amongst its members. A Minister is not eligible for ... effected and to suggest alternative policies in order to bring about efficiency and economy in administration.

Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Description : Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee, constituted for the first time in 1950, is a Parliamentary Committee consisting of 30 Members, elected every year by the Lok Sabha from amongst ... Minister, he ceases to he a member of the Committee from the date of such appointment.

Which one of the following committees is NOT a Standing Committee of the Parliament? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Consultative Committee to the Ministry of Finance

Description : Which one of the following committees is NOT a Standing Committee of the Parliament? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Consultative Committee to the Ministry of Finance

Last Answer : (4) Consultative Committee to the Ministry of Finance Explanation: Each House of Parliament has standing committees which are permanent and regular committees and are constituted from time to ... Financial Committees, DRSCs and some other Committees come under the category of Standing Committees.

Identify the correct sequence of passing a Budget in the Parliament - (1) Vote on Account, Finance Bill, Appropriation Bill Discussion on Budget (2) Finance Bill, Appropriation Bill, Discussion on Budget, Vote on Accounts (3) Discussion on Budget, Vote on Account, Finance Bill, Appropriation Bill (4) Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account

Description : Identify the correct sequence of passing a Budget in the Parliament - (1) Vote on Account, Finance Bill, Appropriation Bill Discussion on Budget (2) Finance Bill, Appropriation Bill, Discussion ... Bill, Appropriation Bill (4) Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account

Last Answer : (4) Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account Explanation: The correct sequence is, Discussion on Budget, Appropriation Bill, Finance Bill, Vote on Account.

The Chairman of the Public Accounts Committee of the Parliament is appointed by (1) Speaker of Lok Sabha (2) Prime Minister of India (3) President of India (4) Chairman of Rajya Sabha

Description : The Chairman of the Public Accounts Committee of the Parliament is appointed by (1) Speaker of Lok Sabha (2) Prime Minister of India (3) President of India (4) Chairman of Rajya Sabha

Last Answer : (1) Speaker of Lok Sabha Explanation: The Chairman of the Public Accounts Committee (PAC) is appointed by the Speaker of Lok Sabha. Since 1967, the chairman of the committee is selected from the opposition. The term of office of the members is one year.

The Chairman of the Public Accounts Committee of the Parliament is appointed by the – (1) President of India (2) Prime Minister of India (3) Speaker of Lok Sabha (4) Chairman of Rajya Sabha

Description : The Chairman of the Public Accounts Committee of the Parliament is appointed by the – (1) President of India (2) Prime Minister of India (3) Speaker of Lok Sabha (4) Chairman of Rajya Sabha

Last Answer : (3) Speaker of Lok Sabha Explanation: The Chairman of the Public Accounts Committee of the Parliament is appointed by the Speaker of Lok Sabha. Since 1967, the chairman of the committee is selected from the ... of not more than 22 members of which 15 are from Lok Sabha and 7 from Rajya Sabha.

How many members are there in Public Accounts Committee? (1) 22 members (2) 28 members (3) 30 members (4) 20 members

Description : How many members are there in Public Accounts Committee? (1) 22 members (2) 28 members (3) 30 members (4) 20 members

Last Answer : (1) 22 members Explanation: The Public Accounts Committee (PAC) is formed every year with a strength of not more than 22 members of which 15 are from Lok Sabha, the lower house of the Parliament, and ... Rajya Sabha, the upper house of the Parliament. The term of office of the members is one year.

The Comptroller and Auditor General of India submits his report relating to the accounts of the Union to the - (1) Finance Minister (2) Prime Minister (3) President (4) Chief Justice of the Supreme Court

Description : The Comptroller and Auditor General of India submits his report relating to the accounts of the Union to the - (1) Finance Minister (2) Prime Minister (3) President (4) Chief Justice of the Supreme Court

Last Answer : (3) President Explanation: As per Article 151 of Indian constitution, the reports of the Comptroller and Auditor-General of India relating to the accounts of the Union shall be submit-ted to the ... reports relating to the accounts of a State shall be submitted to the Governor of the State.

Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

Description : Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

Last Answer : (3) Finance Commission Explanation: The Finance Commission makes recommendations to the President regarding the principles governing the grants-in-aid of the revenues of 'the States out of the Consolidated ... for purposes other than those specified in the provisos to clause (1) of that article.

All of the following are contra revenue accounts except a. sales. b. sales allowances. c. sales discounts. d. sales returns.

Description : All of the following are contra revenue accounts except a. sales. b. sales allowances. c. sales discounts. d. sales returns.

Last Answer : a. sales.

With respect to the income statement, a. contra-revenue accounts do not appear on the income statement. b. sales discounts increase the amount of sales. c. contra-revenue accounts increase the amount of operating expenses. d. sales discounts are included in the calculation of gross profit.

Description : With respect to the income statement, a. contra-revenue accounts do not appear on the income statement. b. sales discounts increase the amount of sales. c. contra-revenue accounts increase the amount of operating expenses. d. sales discounts are included in the calculation of gross profit.

Last Answer : d. sales discounts are included in the calculation of gross profit.

A credit memorandum is used as documentation for a journal entry that requires a debit to a. Sales and a credit to Cash. b. Sales Returns and Allowances and a credit to Accounts Receivable. c. Accounts Receivable and a credit to a contra-revenue account. d. Cash and a credit to Sales Returns and Allowances.

Description : A credit memorandum is used as documentation for a journal entry that requires a debit to a. Sales and a credit to Cash. b. Sales Returns and Allowances and a credit to Accounts Receivable. c. ... and a credit to a contra-revenue account. d. Cash and a credit to Sales Returns and Allowances.

Last Answer : d. Cash and a credit to Sales Returns and Allowances.

The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Description : The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Last Answer : b. dividends account.

Closing entries a. are prepared before the financial statements. b. reduce the number of permanent accounts. c. cause the revenue and expense accounts to have zero balances. d. summarize the activity in every account.

Description : Closing entries a. are prepared before the financial statements. b. reduce the number of permanent accounts. c. cause the revenue and expense accounts to have zero balances. d. summarize the activity in every account.

Last Answer : c. cause the revenue and expense accounts to have zero balances.

The benefits of an operational audit generally include all of the following except a. Decreased costs. b. Increased revenue c. Increased productivity. d. Increased reliability of the financial statement

Description : The benefits of an operational audit generally include all of the following except a. Decreased costs. b. Increased revenue c. Increased productivity. d. Increased reliability of the financial statement

Last Answer : Increased reliability of the financial statement