GENERAL FINANCIAL RULES

For procurement of items through limited tender enquiry in a central govt. department for copies of bidding document are sent to registered supplier by :

• speed post

• Registered post

• Courier

• All these

As per GFR 2017, Rules -155 local purchase committee as constituted by a central govt. department can purchase items costing up to Rs. ---------- on each occasion :

• 50,000

• 1,00,000

• 1,50,000

• 2,50,000

As per GFR - 2017 the number of registered supplier firms in case of procurement through limited tender enquiry in a central govt. department should be more than:

• two

• Three

• Four

• Five

Earnest money is to be returned to unsuccessful bidders within ------ days of the award of the contract in a central govt. department.

• 15

• 30

• 60

• 45

Advance payment to private firms against a contract entered by a central govt. department should not exceed ------ percent of the total value of the contract.

• 20

• 30

• 40

• 50

Which of the following are essential requirements during opening of bids to ensure transparency and fair competition in procurement by a central govt. dept.

• bids to be opened as appointed time and place

• Bods to be opened in public

• representative of bidders permitted to attend

• All these

The value added tax (VAT) has been introduced in the taxation system in India from the year:

• 2003

• 2004

• 2005

• 2006

With effect from 1st April 2012. All payments to central govt. servant other than salary f or amounts above Rs.------- are to be made by issue of payment advises.

• 10,000

• 20,000

• 25,000

• 30,000

who is a commerce teacher in kv kamptee

• c singh

• nikhil kumar

• ajay c

• s s satpute

Annual budget is presented by the finance minister to the parliament for all central govt. dept. of India including the ministry of :

• Defence

• Railway

• External affairs

• Finance