Advance (40 MCQ with Answer)

Advance (40 MCQ with Answer)

 

1.           Advances are admissible to Railway servant who are

a)           Permanent Railway employee

b)           Temporary Railway employee with prescribed length of service

c)           Railway Probationers

d)           All of the above

Answer – d) All of the above

 

2.           Which of the following is True

a)           There are three types of Advances permissible to a Railway servant

b)           Purchase of Personal Computer is an Interest bearing advance

c)           Both A and B

d)           Only B

Answer – d) Only B

 

3.           Which of the following is True

a)           Cycle advance is admissible to a Railway servant whose Grade pay does not exceed Rs. 2800 per month

b)           It is an Interest free advance

c)           Both A and B

d)           Neither A nor B

Answer – c) Both A and B

 

4.           What is true about advance for purchase of Motor car

a)           Second advance is  not admissible to a Railway servant

b)           Second advance is admissible only after total repayment of first advance

c)           Mortgage bond is not an essential document for advance

d)           Only B

Answer – d) Only B

 

5.           Eligible Government servant for HBA is/are

a)           Permanent central government railway servant

b)           Temporary railway servant with 10 years continuous service

c)           Officers belonging to All India services

d)           All of the above

Answer – d) All of the above

 

6.           Which of the following statement is true

a)           In case where both husband and wife are Railway servant, HBA is admissible to one of them

b)           In case where both husband and wife are Central or state government employees, higher pay will be take into consideration for calculating the ceiling

c)           Both  A and B

d)           Only A

Answer – d) Only A

 

7.           Which of the following statement is true

a)           Ex servicemen are not eligible for HBA

b)           10 years of services in railways is essential for an Ex servicemen to become eligible for HBA

c)           Ex servicemen can avail benefit of HBA along with running advances from past services

d)           None of them

Answer – b) 10 years of services in railways is essential for an Ex servicemen to become eligible for HBA

 

8.           Purpose for which Advances may be granted is /are

a)           Acquiring a plot

b)           Extension of building on an already owned plot

c)           Constructing a new house on already owned plot

d)           All of the above

Answer - d) All of the above

 

9.           Advances for repayment of loan is not admissible for the loans taken from

a)           Private individuals

b)           Government

c)           Non government sources

d)           HUDCO

Answer – a) Private individuals

 

10.       Private parties for HBA does not includes

a)           Builder

b)           Architects

c)           House building Societies

d)            Private individuals 

Answer – d) Private individuals 

 

11.       HBA are required to get insured against

a)           Fire

b)           Flood

c)           Lighting

d)           All of the above

Answer – d) All of the above

 

12.       Facilities of HBA for acquiring flats through Cooperative Group Housing Society are

a)           20% advance to be released for meeting cost of land

b)           80% advance to be released on pro rate basis consistent with the demands of the society

c)           Both A and B

d)           Neither A nor B

Answer – c) Both A and B

 

13.       The amount of HBA admissible is

a)           34 months of pay in the pay band

b)           25 months of pay in the pay band

c)           32 months of pay in the pay band

d)           None of the above

Answer – a) 34 months of pay in the pay band

 

14.       Enhancement of HBA is not admissible for the purpose of repayment of loans raised from

a)           Non government sources

b)           Recognized financial institutions

c)           Both A and B

d)           Neither A nor B

Answer – c) Both A and B

 

15.       HBA is regularized y which Ministry?

a)           Ministry of Railways

b)           Ministry of Finance

c)           Ministry of Urban Affairs and Employment

d)           Ministry of Housing and Urban development

Answer – c) Ministry of Urban Affairs and Employment

 

16.       Which statement is/are true about HBA

a)           Advance plus interest can be paid in unequal installments

b)           Maximum number of the installments for recovery of interest on HBA shall not be more than 60

c)           Only B

d)           Neither A nor B

Answer – c) Only B

 

17.       Repaying capacity of Railway servant for HBA shall be computed taking into consideration

a)           Basic pay

b)           Stagnation Increment

c)           NPA

d)           All of the above

Answer – d) All of the above

 

18.       Which of the statement is/are true about HBA

a)           Both advance and Interest should be recovered before the retirement of the employee

b)           Only advance should be recovered before the retirement of the employee

c)           Both advance and Interest can be recovered in installments after the retirement

d)           None of the above

Answer – a) Both advance and Interest should be recovered before the retirement of the employee

 

19.       What are the non government sources for the purpose of sanctioning HBA

a)           Public sector undertakings

b)           Autonomous bodies

c)           Registered societies

d)           All of the above

Answer – d) All of the above

 

20.       What are the conditions for raising loans from non government sources for HBA

a)           Utilization certificate

b)           Prior permission by government

c)            Post information to government

d)           None of the above

Answer – b) Prior permission by government

 

21.       Which is/are the statements true about personal computer advance

a)           It is an one time provision

b)           Second advance is admissible only after lapse of 03 years of first purchase

c)           Neither  A nor B

d)           Only B

Answer – d) Only B

 

22.       GFR FORM – 24 pertains to

a)           HBA

b)           Personal computer advance

c)           Movable properties accumulated through advances

d)           Details of advances taken in a financial year

Answer – b) Personal computer advance

 

23.       Total recoveries on account of all advances taken by a government servant shall not exceed

a)           50% of total emoluments

b)           One month basic pay

c)           There are no restrictions

d)           None of the above

Answer – a) 50% of total emoluments

 

24.       Which is/are the statements true

a)           Group C and D railway servant posted in hill stations are eligible for advance for the purchase of warm clothing

b)           It is an interest free grant

c)           Second and subsequent advances are admissible for purchase of warm clothing

d)           All of the above

Answer - d) All of the above

 

25.       Advance of pay on transfer is admissible in cases of

a)           Transfer on administrative ground

b)           Mutual transfers

c)           Own request transfers

d)           Temporary transfers

Answer – a) Transfer on administrative ground

 

26.       Advances of TA on tours covers expanses on

a)           Streamer and Airfare

b)           Road kilometerage

c)           Daily allowance

d)           All of the above

Answer – d) All of the above

 

27.       Which of the following are advances provided by railways?

a)           Advance of leave salary

b)           Advance on return to India after deputation abroad

c)           Advance in the event on flood

d)           All of the above

Answer – d) All of the above

 

28.       Advance for treatment of which disease is available to railway servants

a)           Cancer

b)           For all types non communicable diseases

c)           AIDS

d)           None of the above

Answer – a) Cancer

 

29.       Which statement is/are true about Advance for Law suits

a)           It is counted under Committed liabilities

b)           Applicable only where government is a party

c)           It is an interest free advance

d)           Both A and B

Answer – c) It is an interest free advance

 

30.       Types of withdrawal from provident fund are

a)           Temporary withdrawal

b)           Final withdrawal

c)           Recurring withdrawal

d)           Both A and B

Answer – d) Both A and B

 

31.       Final withdrawals from provident fund can be initiated on following grounds

a)           Funeral expanses

b)           Repair of car

c)           Booking of motor scooter

d)           All of the above

Answer – d) All of the above

 

32.       Temporary advances from provident fund on medical grounds is admissible for

a)           Only for gazetted officers

b)           Unmarried sister and widowed sister

c)           Minor brothers

d)           Both A and B

Answer – d) both A and B

 

33.       Temporary advances from provident fund for marriages is admissible for

a)           Self

b)           Children

c)           Dependent relatives

d)           All of the above

Answer – d) All of the above

 

34.       House building advances from temporary advances from Provident fund has to repaid

a)           In 60 installments

b)           In 90 installments

c)           In 120 installments

d)           None of the above

Answer – a) In 60 installments

 

35.       Which is/are the statements true about Temporary advances from provident fund?

a)           A new advance can only be granted after 50% repayment of last advance

b)           New advances can be granted at any time

c)            A new advance can only be granted after full repayment of last advance

d)           None of the above

Answer – a) A new advance can only be granted after 50% repayment of last advance

 

36.       Final withdrawal from provident fund on medical ground can be made

a)           After 15 years of service

b)           At any time

c)           There are different time periods for different diseases

d)           Both B and C

Answer – a) After 15 years of service

 

37.       Final withdrawal from provident fund can be made for the purchase of following durable

a)           Washing machine

b)           Television

c)           Neither A nor B

d)           Both A and B

Answer – d) Both A and B

 

38.       Final withdrawal from provident fund for house building can be made for

a)           Acquiring ready build flat

b)           Repayment of outstanding loan for house building purpose

c)           Renovation of existing house

d)           All of the above

Answer – d) All of the above

 

39.       Following is/are the conditions for Final withdrawal from provident fund for marriages

a)           Permitted within 03 months earlier to the date of marriage

b)           Utilization certificate within one month of marriage

c)           Neither A nor B

d)           Both A and B

Answer - Both A and B

 

40.       Competent authority to sanction advances from provident fund are

a)           APO in case of erstwhile group D Staff

b)           GM in case of officers in production units

c)           Senior scale officer in case of group C staff

d)           All above are true

Answer – d) All above are true