FM & Powers of PAOs Regulations, 2021 MCQs

85 MCQs (Page 4 of 9)

Attempt FM & Powers of PAOs Regulations, 2021 Quiz

The Finance Division issues to the PAO:

Single-line medium-term indicative budget ceilings
Quarterly releases only
Item-wise annual budget allocations
Development budget ceilings only

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On proposals for supplementary or technical supplementary grant, the Finance Division provides its opinion to the:

National Assembly
ECNEC
Public Accounts Committee
Economic Coordination Committee of Cabinet or Federal Cabinet

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The Finance Division may approve inclusion of an equal amount of surrendered funds in next year's budget in case of:

Grant-in-aid to autonomous bodies
Any head on request of the PAO
Development projects and programs of foreign funded projects
Employee related expenses

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Regulation 24 requires the Finance Division to have a monitoring unit to maintain an electronic database of the performance of:

Autonomous bodies' employees
Development projects
State-owned enterprises
Foreign loans

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If a lump provision is to be maintained in the budget, it shall be part of the demand for grants under the control of the:

Cabinet Division
Ministry concerned
Planning Commission
Finance Division

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Creation of posts within budgetary provisions and appointment of contingent paid staff are approved by the:

Establishment Division
Finance Division
Principal Accounting Officer
Head of Department

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Under Regulation 28, an authorized official of the Finance Division is part of all of the following EXCEPT:

Central Selection Board
Departmental Development Working Party
ECNEC
Public Accounts Committee

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In case of non-availability of BPS-20 officers, which officers may be considered for posting as Chief Finance and Accounts Officer?

Senior officers of PAAS in BPS-19, in own pay scale
BPS-19 officers of Office Management Group
Officers of Finance Division in BPS-18
Any BPS-19 officer of the Ministry

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As amended on 27 October 2025, the posting of a CFAO for a Ministry/Division is notified by the Establishment Division:

As recommended by the Auditor-General
As recommended by the Finance Division
On request of the PAO
With approval of the Prime Minister

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A CFAO is initially posted for a period not less than ______ which may be extended for another period of ______.

Three years; two years
Two years; one year
Two years; two years
Three years; one year

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