FM & Powers of PAOs Regulations, 2021 MCQs

Under Regulation 11, an expenditure that benefits a particular person or community may be incurred only if:

It is by order of a competent court or in pursuance of Government-approved policy
It is recommended by the CFAO
It is approved by the PAO
It is below Rs. 1 million

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Regulation 12 provides that allowances such as TA shall be so regulated that they are not, on the whole:

Less than actual expenditure
Paid in advance
A source of profit to the recipient
Taxable

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Delegation of financial powers by the PAO to subordinate officers under Regulation 13:

Transfers full accountability to the delegatee
Does not diminish the PAO's responsibility and accountability for oversight
Is limited to heads of departments only
Requires prior approval of Finance Division

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Under Regulation 14(a), read with section 23 of the PFM Act, no expenditure shall be incurred until sanctioned by a competent authority AND provided for through:

Schedule of authorized expenditure, supplementary or technical supplementary grant, or re-appropriation
Approval of the Finance Division only
Approval of the PAC
Release from the Planning Commission

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Under Regulation 14(b) read with section 11 of the PFM Act, the PAO may approve re-appropriation within the same grant by:

15th June each year
30th June each year
31st March each year
31st May each year

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All anticipated savings in grants must be surrendered to the Finance Division by:

31st May each year
15th May each year
31st March each year
30th June each year

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Under Regulation 14(c), a request for supplementary budget may not be entertained for an expenditure head:

Below Rs. 10 million
Relating to development expenditure
From which funds have been re-appropriated during the year
Relating to employee related expenses

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Under Regulation 14(f), the PAO has authority to procure goods and services as per the provisions prescribed under the:

Public Finance Management Act, 2019 section 23
General Financial Rules
Rules of Business, 1973
Public Procurement Regulatory Authority Ordinance, 2002 and rules made thereunder

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Under Regulation 15, the Finance Division carries out functions under the Constitution, the PFM Act and the:

Controller General of Accounts Ordinance, 2001
Fiscal Responsibility and Debt Limitation Act, 2005
Auditor-General Ordinance, 2001
Public Debt Act, 1944

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Prior consultation with the Finance Division is mandatory while initiating legislative proposals having financial implications relating to:

Criminal procedure
Establishment of funds, revenue, cess, levy, fee, deductions, remissions and agreements
Service structure only
Electoral matters

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