AAO QUESTION PAPER 2010
2010
SOUTHERN RAILWAY
EXAMINATION FOR SELECTION FOR THE POST OF ASSISTANT FINANCIAL ADVISER
(70 PERCENT QUOTA)
Time: 3 hours 18th August 2010 Max Marks 150
SECTION- A
Answer in one word 8 x 2 = 16 Marks
a) The Suspense Head use to book expenditure the allocation of which is not known is_____
b) Wages not paid to staff within the stipulated period are taken to ________________________ of Unpaid Wages Account
c) In Railway Accounting ____________________________ sets of journal are maintained
d) All Transfer Transactions between railways are adjusted through ______________________
e) Interest on account of loans and advances is credited to Railway Board through _______________
f) The register maintained in accounts office to ensure that appointments are not made in excess of post sanctioned is known as ____________________ register
g) Estimate of Expenditure which is not submitted to vote of parliament known as _________________expenditure
h) Expenditure on track circuiting is charged to ____________________________
i) Cost of manufacturing of section of line not opened for traffic is charged to ________________
j) When railway land is lost through erosion, cost of the same is written back from capital to ______________
SECTION B
Identify the correct choice 7 x 2 = 14 Marks
Answer any seven
a) Bulk of southern railways apportioned earnings are generated through - Passenger/Goods traffic
b) In Appropriation Accounts expiations are furnished for variation between original grant and actual expenditure (correct / incorrect)
c) Block Account represents all physical assets of railways financed from loan capital and railway’s own generation funds ( correct / incorrect)
d) Tender received after the specified time of opening is known as – delayed tender / late tender
e) Railway pensioners are required to submit a life certificate once in a year / once in two years
f) The object of maintaining an Abstract Of Bills passed in Accounts Office is to reduce the number of cheques drawn everyday/ to issue more cheques of smaller value
g) The payment received by a railway employee while under suspension is known as subsistence allowance / compassionate pay
h) Leave on Average Pay is credited to the loan account of railway employee at the rate of 2 ½ / 3 days for each calendar month of service
i) Leave granted for railway employee under medical treatment for injures sustained in the course of official duties is known as accident leave / hospital leave
j) receipts from forfeited Provident Fund loans is credited to Railway Earnings / Staff Benefit Fund
SECTION - C
Answer any two 2 x 10 = 20 marks
a) Originating Earnings and Apportioned Earnings
b) Travelling Allowance and Transfer Grant
c) Voted Expenditure and Charged Expenditure
d) Group Incentive Scheme and CLW pattern of workshop incentive
e) Rate Contract and Running contract
SECTION – D
Write short notes answer any two questions 2 x 10 = marks
a) Inventory turn over ratio
b) Traffic book
c) Material modification
d) Workshop general register
e) Proforma on cost
SECTION – E
Answer any five questions 5 x 16 = 80 marks
a) What is known as the official language policy of the Govt? How is its implementation mentioned? 8 + 8 = 16 marks
b) What is the impact of 6th Pay Commission on the operating ratio of southern railway? How the operating ratio can be brought down? 8 + 8 = 16 marks
c) What are the different types of estimates prepared for execution of works? What are the points that are verified in accounts office while certifying the estimate 8 + 8 = 16 marks
d) What are the different types of tenders that are used to execute a work in the railways? What are the modifications effected to general conditions of contract at recent years 8 + 8 = 16 marks
e) What are the major sources of earnings for Indian railways? What are the steps that could be taken to improve the sundry earnings in Southern Railway?
f) What are the various stages of budget review followed in railways? What is the mechanism to ensure that the revenue expenditure is regulated with references to budget grant? 8 + 8 = 16 marks
g) What is the methodology adopted in the Internal Check of Establishment claims? How can we make our internal check mechanism more effective? 8 + 8 = 16 marks
h) How the Revenue Accounts is current compiled in Accounts Office every month? Detail the procedure followed in compilation and the annexures that are generated? 8 + 8 = 16 marks
i) What are the various suspense heads that are operated in the railways? What is the need to operate them? 8 + 8 = 16 marks
SOUTHERN RAILWAY
EXAMINATION FOR SELECTION FOR THE POST OF ASSISTANT FINANCIAL ADVISER
(70 PERCENT QUOTA)
Time: 3 hours 18th August 2010 Max Marks 150
SECTION- A
Answer in one word 8 x 2 = 16 Marks
a) The Suspense Head use to book expenditure the allocation of which is not known is_____
b) Wages not paid to staff within the stipulated period are taken to ________________________ of Unpaid Wages Account
c) In Railway Accounting ____________________________ sets of journal are maintained
d) All Transfer Transactions between railways are adjusted through ______________________
e) Interest on account of loans and advances is credited to Railway Board through _______________
f) The register maintained in accounts office to ensure that appointments are not made in excess of post sanctioned is known as ____________________ register
g) Estimate of Expenditure which is not submitted to vote of parliament known as _________________expenditure
h) Expenditure on track circuiting is charged to ____________________________
i) Cost of manufacturing of section of line not opened for traffic is charged to ________________
j) When railway land is lost through erosion, cost of the same is written back from capital to ______________
SECTION B
Identify the correct choice 7 x 2 = 14 Marks
Answer any seven
a) Bulk of southern railways apportioned earnings are generated through - Passenger/Goods traffic
b) In Appropriation Accounts expiations are furnished for variation between original grant and actual expenditure (correct / incorrect)
c) Block Account represents all physical assets of railways financed from loan capital and railway’s own generation funds ( correct / incorrect)
d) Tender received after the specified time of opening is known as – delayed tender / late tender
e) Railway pensioners are required to submit a life certificate once in a year / once in two years
f) The object of maintaining an Abstract Of Bills passed in Accounts Office is to reduce the number of cheques drawn everyday/ to issue more cheques of smaller value
g) The payment received by a railway employee while under suspension is known as subsistence allowance / compassionate pay
h) Leave on Average Pay is credited to the loan account of railway employee at the rate of 2 ½ / 3 days for each calendar month of service
i) Leave granted for railway employee under medical treatment for injures sustained in the course of official duties is known as accident leave / hospital leave
j) receipts from forfeited Provident Fund loans is credited to Railway Earnings / Staff Benefit Fund
SECTION - C
Answer any two 2 x 10 = 20 marks
a) Originating Earnings and Apportioned Earnings
b) Travelling Allowance and Transfer Grant
c) Voted Expenditure and Charged Expenditure
d) Group Incentive Scheme and CLW pattern of workshop incentive
e) Rate Contract and Running contract
SECTION – D
Write short notes answer any two questions 2 x 10 = marks
a) Inventory turn over ratio
b) Traffic book
c) Material modification
d) Workshop general register
e) Proforma on cost
SECTION – E
Answer any five questions 5 x 16 = 80 marks
a) What is known as the official language policy of the Govt? How is its implementation mentioned? 8 + 8 = 16 marks
b) What is the impact of 6th Pay Commission on the operating ratio of southern railway? How the operating ratio can be brought down? 8 + 8 = 16 marks
c) What are the different types of estimates prepared for execution of works? What are the points that are verified in accounts office while certifying the estimate 8 + 8 = 16 marks
d) What are the different types of tenders that are used to execute a work in the railways? What are the modifications effected to general conditions of contract at recent years 8 + 8 = 16 marks
e) What are the major sources of earnings for Indian railways? What are the steps that could be taken to improve the sundry earnings in Southern Railway?
f) What are the various stages of budget review followed in railways? What is the mechanism to ensure that the revenue expenditure is regulated with references to budget grant? 8 + 8 = 16 marks
g) What is the methodology adopted in the Internal Check of Establishment claims? How can we make our internal check mechanism more effective? 8 + 8 = 16 marks
h) How the Revenue Accounts is current compiled in Accounts Office every month? Detail the procedure followed in compilation and the annexures that are generated? 8 + 8 = 16 marks
i) What are the various suspense heads that are operated in the railways? What is the need to operate them? 8 + 8 = 16 marks
AAO QUESTION PAPER 2009
2009
SOUTHERN RAILWAY
EXAMINATION FOR SELECTION FOR THE POST OF ASSISTANT FINANCIAL ADVISERS
(70 PERCENT QUOTA)
Time: 3 hours 19th February 2009 Max Marks 150
INSTRUCTIONS TO THE CANDIDATES
Do not write your Roll No or name anywhere in the Answer Book. Only the Roll No should be written on the top sheet in the space provided.
NOTE 1. Answer any five questions. All questions carry equal marks
The marks for each sub-section are indicated in the brackets
2. All questions have two sub-sections – (a) & (b)
Candidates must answer both (a) & (b) of each questions attempted, to qualify for marks. For example if Q 1 is attempted then both (a) & (b) of Q1 must be answered to get the benefit of full evaluation of 30 marks as allotted to the whole question.
Answer any five questions (15 marks)
Q 1. (a) What do you understand by inter-railway and intra-railway transactions? How are such transactions proposed, accepted, adjusted and reconciled?
(15 marks)
(b) Do you think that the preparation of two accounts current – Approximate and Actual are necessary? Explain in detail
(15 marks)
Q 2 (a) What is a “Works Programme”? What are the various steps involved in its finalisaiton
(15 marks)
(b) Discuss “Pink Book”. “Orange Book” and ‘Divisional Works Programme’
Q 3 (a) Write Short notes on any Five (15 marks each 3 marks)
i. Traffic Suspense
ii. Admitted debits and disputed debits
iii. Draft para and provisional para
iv. Material modification
v. Stock adjustment account
vi. Single tender and limited tender
vii. “global meltdown”
(15 marks)
(b) What do you understand by Inventory Control? What is ABC analysis and its advantages?
(15 marks)
Q 4 (a) What is meant by Apportionment of Earnings? How is it done in respect of Goods Earnings of Through Traffic?
(15 marks)
(b) What is “Zero Based Budget”? How can this be made applicable for Revenue Budget?
Q5 (a) distinguish between the following (any three)
(15 marks – each 5)
i. Fall Clause and Option Clauses
ii. Zonal Tender and Bulletin Tender
iii. Purchase Preference and Price Preference
iv. Development Fund I & II
(15 marks)
(b) What are the Objectives of Budgetary Controls? Discuss the various Budgetary Reviews.
Q 6 (a) What is meant by Productivity Test? Do they serve any purpose?
(15 marks)
(b) What is “Operating Ratio”? Is it a fair Index to assess a Railway’s Performance? How can we improve upon the “Operating Ratio” of Southern Railway?
(15 marks)
Q! 7 (a) What is Stock Verification? How is the Stock Sheet prepared and finalised?
(15 marks)
(b) What are the various heads under “Purchase Suspense”? Give your suggestions for maintain this “Suspense” efficiently and currently?
(15 marks)
Q 8 (a) What is meant by Exchequer Control? In addition to Budget allotments, Demand and Primary Unit –wise-Why is Exchequer Control still necessary?
(15 marks)
(b) What are the various kinds of leave an employee is entitled to? When can leave been encahsed?
(15 marks)
Q9 (a) Discuss the salient features of the Official Languages Act 1963. Suggest steps for promoting Rajbhasha in southern railway.
(15 marks)
(b) How would you inspect an Executive Office? What are the objectives? Give suggestions for improving it.
(15 marks)
Q10 (a) Elaborate on the significance of “Cheques and Bills” reconciliation How can computerisation help in this area?
(15 marks)
(b) Discuss the merits and demerits of the Incentive Scheme on Railway Workshop
SOUTHERN RAILWAY
EXAMINATION FOR SELECTION FOR THE POST OF ASSISTANT FINANCIAL ADVISERS
(70 PERCENT QUOTA)
Time: 3 hours 19th February 2009 Max Marks 150
INSTRUCTIONS TO THE CANDIDATES
Do not write your Roll No or name anywhere in the Answer Book. Only the Roll No should be written on the top sheet in the space provided.
NOTE 1. Answer any five questions. All questions carry equal marks
The marks for each sub-section are indicated in the brackets
2. All questions have two sub-sections – (a) & (b)
Candidates must answer both (a) & (b) of each questions attempted, to qualify for marks. For example if Q 1 is attempted then both (a) & (b) of Q1 must be answered to get the benefit of full evaluation of 30 marks as allotted to the whole question.
Answer any five questions (15 marks)
Q 1. (a) What do you understand by inter-railway and intra-railway transactions? How are such transactions proposed, accepted, adjusted and reconciled?
(15 marks)
(b) Do you think that the preparation of two accounts current – Approximate and Actual are necessary? Explain in detail
(15 marks)
Q 2 (a) What is a “Works Programme”? What are the various steps involved in its finalisaiton
(15 marks)
(b) Discuss “Pink Book”. “Orange Book” and ‘Divisional Works Programme’
Q 3 (a) Write Short notes on any Five (15 marks each 3 marks)
i. Traffic Suspense
ii. Admitted debits and disputed debits
iii. Draft para and provisional para
iv. Material modification
v. Stock adjustment account
vi. Single tender and limited tender
vii. “global meltdown”
(15 marks)
(b) What do you understand by Inventory Control? What is ABC analysis and its advantages?
(15 marks)
Q 4 (a) What is meant by Apportionment of Earnings? How is it done in respect of Goods Earnings of Through Traffic?
(15 marks)
(b) What is “Zero Based Budget”? How can this be made applicable for Revenue Budget?
Q5 (a) distinguish between the following (any three)
(15 marks – each 5)
i. Fall Clause and Option Clauses
ii. Zonal Tender and Bulletin Tender
iii. Purchase Preference and Price Preference
iv. Development Fund I & II
(15 marks)
(b) What are the Objectives of Budgetary Controls? Discuss the various Budgetary Reviews.
Q 6 (a) What is meant by Productivity Test? Do they serve any purpose?
(15 marks)
(b) What is “Operating Ratio”? Is it a fair Index to assess a Railway’s Performance? How can we improve upon the “Operating Ratio” of Southern Railway?
(15 marks)
Q! 7 (a) What is Stock Verification? How is the Stock Sheet prepared and finalised?
(15 marks)
(b) What are the various heads under “Purchase Suspense”? Give your suggestions for maintain this “Suspense” efficiently and currently?
(15 marks)
Q 8 (a) What is meant by Exchequer Control? In addition to Budget allotments, Demand and Primary Unit –wise-Why is Exchequer Control still necessary?
(15 marks)
(b) What are the various kinds of leave an employee is entitled to? When can leave been encahsed?
(15 marks)
Q9 (a) Discuss the salient features of the Official Languages Act 1963. Suggest steps for promoting Rajbhasha in southern railway.
(15 marks)
(b) How would you inspect an Executive Office? What are the objectives? Give suggestions for improving it.
(15 marks)
Q10 (a) Elaborate on the significance of “Cheques and Bills” reconciliation How can computerisation help in this area?
(15 marks)
(b) Discuss the merits and demerits of the Incentive Scheme on Railway Workshop
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)
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)
