FIA Past Papers MCQs

FIA Superintedent Model Paper 2026  — 500 MCQs  (Page 38 of 50)

Practice FIA Past Papers MCQs with solved questions from real past exams. These MCQs cover FIA Superintedent Model Paper 2026 past papers and are ideal for candidates preparing for competitive exams.

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A procuring agency may use force account if the value of procurement does not exceed:
  • Rs. 100 million
  • Rs. 50 million
  • Rs. 200 million
  • Rs. 500 million
When more than one state-owned entity is eligible for direct contracting under Rule 42(f), the procuring agency shall:
  • Award to the oldest entity
  • Hold limited tendering amongst them without advertisement, giving reasonable time
  • Seek PPRA approval
  • Advertise in newspapers
Where formal signing is required, a procurement contract comes into force from:
  • The date both procuring agency and successful bidder affix signatures
  • The date of announcement of evaluation report
  • The date of performance guarantee submission
  • The date of notice of acceptance
Information of proprietary nature or against public interest related to award may be withheld from public disclosure:
  • Never
  • With prior approval of the Authority
  • With approval of the Finance Division
  • At the discretion of the PAO
The Grievance Redressal Committee constituted by a procuring agency shall comprise:
  • An even number of persons
  • An odd number of persons
  • Three persons including a PPRA nominee
  • Five persons headed by the PAO
The GRC shall investigate and decide a complaint within:
  • Fifteen days
  • Seven days
  • Ten days of its receipt
  • Thirty days