According to Rule 2, the General Financial Rules, 2017 shall be applicable to:

• Central Government Ministries/Departments only.

• State Governments and Central Government Ministries.

• Central Government Ministries/Departments, attached and subordinate bodies.

• Autonomous Bodies only.

Statement 1: The provisions contained in GFRs are deemed to be applicable to Autonomous Bodies, except to the extent their approved bye-laws provide for separate Financial Rules. Statement 2: The "Financial Year" means the year beginning on the 1st of March and ending on the 30th of April following.

• Statement 1 is True, Statement 2 is False.

• Statement 1 is False, Statement 2 is True.

• Both Statements are True.

• Both Statements are False.

Assertion (A): When the subject of a case concerns more than one Department, no order shall be issued until all such Departments have concurred. Reason (R): Where a doubt arises as to the interpretation of any GFR provisions, the matter shall be referred to the Comptroller and Auditor General for a decision.

• Both (A) and (R) are true, and (R) is the correct explanation of (A).

• Both (A) and (R) are true, but (R) is not the correct explanation of (A).

• (A) is true, but (R) is false.

• (A) is false, but (R) is true.

As per the definitions in Rule 2, which model involves the Seller providing the goods, maintaining them, providing consumables, and finally taking the goods back after their useful life?

• CAPEX model

• OPEX model

• Hybrid model

• Lease model

As defined in Rule 2, "Head of the Department" means an authority not below the rank of:

• A Section Officer to the Government of India.

• An Under Secretary to the Government of India.

• A Deputy Secretary to the Government of India.

• A Joint Secretary to the Government of India.

According to Rule 21 (Standards of financial propriety), every officer is expected to exercise the same vigilance in respect of expenditure from public moneys as a person of ordinary prudence would exercise in respect of:

• Expenditure of his own money.

• Expenditure of his Department's money.

• Expenditure sanctioned by the President.

• Expenditure audited by the C&AG.

Statement 1: Expenditure from public moneys should not be incurred for the benefit of a particular person or section, unless a claim for the amount could be enforced in a Court of Law or it is in pursuance of a recognized policy or custom. Statement 2: An authority should exercise its powers of sanctioning expenditure to pass an order which will be directly or indirectly to its own advantage.

• Statement 1 is True, Statement 2 is False.

• Statement 1 is False, Statement 2 is True.

• Both Statements are True.

• Both Statements are False.

Assertion (A): The financial powers of the Government which have not been delegated to a subordinate authority shall vest in the Finance Ministry. Reason (R): No authority may incur any expenditure from public funds unless the same has been sanctioned by a competent authority.

• Both (A) and (R) are true, and (R) is the correct explanation of (A).

• Both (A) and (R) are true, but (R) is not the correct explanation of (A).

• (A) is true, but (R) is false.

• (A) is false, but (R) is true.

Under Rule 30, a sanction for any fresh charge shall, unless it is specifically renewed, lapse if no payment in whole or in part has been made during a period of:

• Six months from the date of issue.

• Twelve months from the date of issue.

• The end of the financial year.

• Two years from the date of issue.

A sanction for the purchase of stores shall not lapse, even if payment is not made within twelve months, if:

• The stores are of a proprietary nature.

• The supplier has promised delivery.

• Tenders have been accepted or the indent has been placed on the Central Purchase Organization.

• The Head of Department certifies the requirement is still valid.