FM & Powers of PAOs Regulations, 2021 MCQs

85 MCQs (Page 5 of 9)

Attempt FM & Powers of PAOs Regulations, 2021 Quiz

After his transfer, a CFAO shall NOT be given the role of external auditor for that Ministry/Division for a period of:

One year
Five years
Two years
Three years

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A CFAO shall directly report to and work under the supervision of the:

Secretary of the Ministry or Division (PAO)
Finance Secretary
Controller General of Accounts
Auditor-General of Pakistan

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A CFAO may be transferred before completion of tenure on the written advice of the PAO or Finance Division to the:

Controller General of Accounts
Establishment Division
Prime Minister
Auditor-General of Pakistan

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Any addition or reduction in the sanctioned posts of CFAO shall be decided by the:

Principal Accounting Officer
Finance Division alone
Auditor-General of Pakistan in consultation with Finance Division and Establishment Division
Establishment Division alone

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The performance evaluation report of a CFAO is initiated by the:

Auditor-General of Pakistan
Secretary of the Division concerned
Finance Secretary
Controller General of Accounts

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The pay and allowances of the CFAO are charged to:

The Ministry or Division where posted
The Controller General of Accounts
The Finance Division
The Auditor-General's budget

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In respect of revenue, the CFAO monitors collection and reconciliation of non-tax revenue receipts of all departments under the PAO, except in case of:

Pakistan Railways
Federal Board of Revenue
Pakistan Missions abroad
Pakistan Post

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In respect of cash management, the CFAO assists the PAO in implementing the:

Treasury Rules, 1950
Public Debt Rules, 2019
Cash Management and Treasury Single Account Rules, 2020
Foreign Exchange Manual

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Under Regulation 33(1), the appointment, role and responsibilities of the Chief Internal Auditor are prescribed under section ______ of the PFM Act.

11
27
23
29

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The Chief Internal Auditor shall be an officer of:

BPS-21 only
BPS-20 or 21
BPS-19 or 20
BPS-18 or 19

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