AAO EXAM QUESTIONS 2008

2008
SOUTHERN RAILWAY
Examination for Selection for the post of Assistant Accounts Officers
(70 percent quota)
Time: 3 hours 23rd January 2008 Max Marks 150

Note 1. THE QUESTION PAPER CONSISTS OF FOUR SECTIONS. SECTION-A CARRIES 15 MARKS, SECTION-B CARRY 10 MARKS. ALL THE QUESTIONS ARE TO BE ANSWERED IN THESE TWO SECTIONS
2. SECTION-C CARRIES CONSISTS OF TWO QUESTINS
3. SECTION –D CARRIES 82 MARKS CONSISTS OF 7 QUESTIONS OUT OF WHICH FOUR HAVE TO BE ANSWERED. EACH QUESTION CARRIES 20 MARKS
SECTION - A 3 x 5 = 15
Explain whether the following are TRUE or FALSE giving reasons
Financial performance is judged by wagon turn around
arbitration awards are to be treated as charged expenditure
General Managers have full powers to waive profit and departmental charges in respect of deposit work of a central Government organisation
the value realised from scrap sales is allocated to sundry earnings
a tender submitted after the opening date of a tender can be considered if it is financially advantageous to railways
SECTION B 2 x 5 = 10
I Identify the correct choice
a. expenditure which cannot be anticipated is met through Consolidated Fund of India/ Contingency Fund of India
b. transaction between railways and other ministries is known as Transfer Transactions/ Remittance Transactions
c. freight on material transported by a train for a deposit work executed by the railway is credited to Abstract Y / Abstract Z
d. postal haulage charges are computed on berth replacement / seat replacement
e. the index of fuel efficiency is SFC / O R

SECTION –C 4 x 5 = 20

1 ) Distinguish any FOUR of the following
a. Special Railway Safety Fund and Development Fund
b. Originating Earnings and Apportioned Earnings
c. M&P Programme and Works Programme
d. Bills Receivables and Bills Payable
e. IRCA and IRFA adjustments
f. Stock Adjustment Account and Stores in Transit account
g. Fall Clause and Option Clause

2) Write short note on any FIVE of the following 5 x 5 = 25
a. Traffic Book
b. Inventory Turn over Ratio
c. P E Index
d. PRIME and AFRES
e. Official Language Policy
f. Internal Rate of Return
g. Material Modification
SECTION D
Answer any FOUR of the following 4 x 20 = 80
1. What are the reasons for the operating ratio of Southern Railway exceeding 100? Is it healthy or inescapable? If it is not acceptable level, what are your suggestions for bringing it down below 100
2. What is the process for preparing the revenue and expenditure budget on Southern Railway? What are the various stages of Budgetary Review? Also discuss about the adoption of Zero Based Budgeting Techniques.
3. What are the major points of justification for electrification of existing Broad Gauge line between station A and Station B. what are the checks to be exercised by Finance when such a proposal is received for inclusion in PWP?
4. “Control of inventory is the effective way to control expenditure”. In the light of this, describe the inventory control mechanism on railways right from indenting stage through procurement, storage, issue and disposal?
5. What is traffic suspense? What are its constituent items? What steps you would suggest to reduce traffic suspense to the minimum?
6. Explain in detail the Costing System adopted in Southern Railways Repair Workshops? In what way it differs from the system of Production Units. Can you suggest any improvement on this?
7. Describe the various sources of funding for Railway Projects. Describe what the alternative sources of finance are. What do you understand by Pubic-Private-Partnership.PPP)