Model Question for IPO Exam.-2

Preparation of IPO Examination - Model Questions part II

Q21 The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Q22 The capital accounts concepts created on the basis the department of Posts are recognized as ---------------------- department a. Government b. non commercial department c. Commercial

Q23 The capital accounts of the Posts and Telecommunication departments on a commercial basis with effect from ----------- a. 01.04.1925 b. 01.01.2000 c.04.05.2002

Q23 P & T Revenue fund was instituted with effect from ---------------- a. 01.04.1925 b. 01.04.1960 c.03.05.1960

Q24 If a government servant from whom a recovery is ordered , is transferred to the jurisdiction of disbursing officer a. recovery should be completed before his transfer . b. order of recovery should be passed on to that disbursing officer c. None of these

Q25 Representations against recovery should be submitted by aggrieved Government servant within a ------------- a. One Month b. Two month c. Three Month

Q26 The objections statements are prepared by the accounts offices in --------------- a. Duplicate b. Triplicate c. Single Copy

Q27 The account records against which audit objections are pending should not be destroyed until final settlement of audit objections The above said statement is a. True b. False

Q28 The second part of audit inspection reports is ------------------------ a. Schedule of Persistent irregularities b. Outstanding objections from previous reports in brief c. Introductory

Q29 Audited bills , Vouchers can be resend by audit office after a requisition submitted through ------- to Circle account office a. Head of the Division b. Head of the Circle c. Disbursing officer

Q30 Credit challans and pay orders should be treated as ----------------- a. Cheque b. Credit certificate c. None of these

Q31 A cheque drawn on any bank located at the same station as that of the head post office and accepted at any of its sub offices will also be regarded as----------- a. Local Cheque b . Outstation Cheque

Q32 Cheque payment of Postage from the holders of Franking machine licenses can be accepted with bank guarantee. The above said statement is a. True b. False

Q33 ACG 28 denotes ----------- a. Register of dishonoured Cheque b. Register of cheques received and cleared c. None of these

Q34 The transaction is entered in cash book on the basis of ---------- a. Occurrence b. amount c None of these

35 Tr 29 denotes a. cash Book b . Contingent register c. HO Summary

Prepared by S Jayachandran , SA , Divisional Office , Mavelikara (want more question – please send your email ID to me – shankarjayac123@gmail.com or send SMS - 9961464279)

Model Questions for IPO Examination Based on Financial Hand Book Part 1(chapter1)

Q1 From ----------- the accounts work relating to the postal branch of the P& T department was separated from P& T audit

a. 01.04.1977 b.01.04.1976 c. 01.08.1980

Q2 The bifurcation of Posts and telegraph department was happened

a. 1985 b. 1976 c. 1990

Q3 The business performed by telecommunication was transferred to ----------- on 01.10.2000

a. VSNL b. BSNL c. P& T department

Q4 The telephones General manager, Telecom stores is included in --------- category

a. Director – General b. Head of department c. Head of Circle

Q5 what is the usage of form LI-37?

a. repayment of loans of PLI b. voucher for any payment c None

Q6 All cheques , Bills etc preferable at a treasury for payment being non-negotiable instruments can be endorsed only once .

The above said statement is

a. True b. False

Q7 For What purpose the Specimen signature of AD in charge of PLI is circulated to whole circle concerned?

a. To enable Payment of government Securities at any post office. b. to Limit the payment of PLI selected offices C. None of these

Q8. What is the purpose of special metallic embossing seal ?

a. Stamping the voucher of final payment of GPF b. Stamping the any type of payment voucher c. None of these

Q9 . ---------------- is necessary to draw the pay and allowance when a staff transferred from one place to another.

a. LPC b Pay slip c . Service Book

Q10 The right of government servant to TA including Daily allowance is forfeited or deemed to have been relinquished within ------------- from the date on which it becomes due.

a. Six month b. One year c. 18 months

Q11 The government employee must submit his claim within -------- for reimbursement of the expenditure incurred on the Journey , if the advance has been drawn for availing LTC

a. Three month b. Two month c. One month

Q12 The term over charge and is related with ------------

a. LTC b. Claim of LTC c .Railway fares and freight for calculating claim

Q13 . When a specific approval from Director general for investigation is needed for a claims to arrears of pay to Government official ?

a. Claims more than six year b. Claims more than one year c. Claims more than two yea r

Q14 The Indian stamp Act

a. 1898 b.1850 c.1899

Q15 In case advance not drawn for LTC , the officials are liable to submit their claim within

a. One month b. three month c. One year

Q16 No Government officer may issue duplicates or copies of receipts granted for money received

The above said statement is

a. true b. false

Q17 In post offices defalcations or losses, should be charged in the schedule of --------------- and payments and recoveries of losses should be credited in the schedule of ---------------

a. UCP, UCR b UCR, UCP, c. receipts , payments

Q18 When a term serious loss occurring to immovable property of department

a. all loss exceeding Rs 1000/- b. all loss exceeding Rs 5000/- c. all loss exceeding RS 10000/-

Q19 A register of destruction of records in form ------------should be maintained in each office and prepared preserved permanently

a. ACG 91 b.ACG 7 c ACG 67

Q20 Charges against two or more major heads should be included in one bill

The above said statement is

a. True b False

Thanks to Mr. S Jayachandran ..

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please wait more model question . If you want more model questions for IPO examination by email then please send your emil ID to me

My email ID shankarjayac123@gmail.com or send ur email ID by sms to my mobile - 9961464279

S jayachandran , SA , Divisional Office , Mavelikara - nfpemavelikaradivision.blogspot.com

Model Question for IPO Examination-FHB Part 1 (Question No 47-66)

47 The service books of non –gazetted officials on deputation to Army Postal Service should kept at a. Office of ADG APS b. Director of Postal Accounts , Nagapur C. Account office of Parent Department

Q48 The service books should be kept arranged ----------- a. alphabetically b on the basis of cadre c. None of these

Q49 Preservation period for keeping service Books after death, resigns and discharge of employee is ------- a. 10 years b. 2 Years c. 5 Years

Q50 The descriptive particulars on the --------- of a government servant’s service book should be reattested every five year by the supervising officer . a. Last Page b. Second Page c. None of these

Q51 Form ACG 20 is denote ----- a. Monthly Bills b. Arrear Bills c . Bonus Bills

Q52 The Period of Joining time should be shown separately in absentee Statement The above said statement is a. True b. False

Q53 When will prepare monthly statement at Sub office a. 30th of Month b. 10th day of Month c. 20th day of Month

Q54 From the following document , which is the supporting document for submission of TA Bills a. GAR 14 –C b TA-14 C. GPR-23

Q55 The outstation allowance is sanctioned for ---------- a. all officials b. sorters and mail Guards c. None of these

Q57 The undisbursed pay and allowance should be kept in a register a. ACG 7 b. ACG 67 c. ACG 54

Q58 Acquittance rolls and offices of the bills are not to submitted to the circle office The above said stamen is a. True b False

Q59 The amount paid against advance from GPF ----------- by service money order a. Can be transmitted b. Cannot be transmitted

Q60 The amount of subsistence allowance in respect of officials under suspension who cannot attend personally the due amount to the officials forwarded by service money order to the concerned officials The above action is a. Correct b. Not correct

Q61 Special Contingencies can be incurred without the previous sanction of Superior authority The above said statement is a. True b false

Q62 Contingent charges may be divided in to ------------- classes . a. Four b. Two c. Five

Q63 The policy regarding engagement of casual workers reviewed by government as per the judgment of Supreme Court delivered on -------- a. 17th Jan 1970 b. 17th Feb 1989 c. 17th Jan 1986

Q64 When did minimum wages act formed a. 1956 b. 1982 c. 1948

Q65 The National Holiday is also considered for calculating the pay for contingent staff is it correct procedure ? a. Yes b. No

Q66 what is the time limit for completing the review in connection with appointment of casual workers in postal department a. 5 Year b. 1 year c. 6 Months ---------------------------------------------------------------------------- Prepared by S Jaychandran , System Administrator , Divisional office , Mavelikara Division-690101 .

Exempted from filing Income Tax return for Salary Taxpayers with total income up to Rs.5 lakh

No.402/92/2006-MC (14 of 2011)

Government of India / Ministry of Finance

Department of Revenue Central Board of Direct Taxes

New Delhi, dated the 23rd June, 2011

PRESS RELEASE

Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing Income Tax Return for Assessment Year 2011-12

The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011.

Individuals having total income up to Rs.5,00,000 for FY 2010-11, after allowable deductions, consisting of salary from a single employer and interest income from deposits in a saving bank account up to Rs.10,000 are not required to file their income tax return. Such individuals must report their Permanent Account Number (PAN) and the entire income from bank interest to their employer, pay the entire tax by way of deduction of tax at source, and obtain a certificate of tax deduction in Form No.16.

Persons receiving salary from more than one employer, having income from sources other than salary and interest income from a savings bank account, or having refund claims shall not be covered under the scheme.

The scheme shall also not be applicable in cases wherein notices are issued for filing the income tax return under section 142(1) or section 148 or section 153A or section 153C of the Income Tax Act 1961.

Source: PIB

4Things to consider Before choosing your Broadband Internet Service

Broadband internet service providers these days are in a huge competition to win the customers’ satisfaction by providing best of their internet services with speed and reliability and for this, there are so many of these ISP’s attracting consumers by offering new attractive promotions and deals. Due to all this hype, it’s getting really a daunting task for a simple home-based consumer to choose from these providers and make a decision that can stand up the expectations.

No matter how costlier the service is, or how fast is the internet speed, the best for your would still be the one which provides you the reliability, good customer service and speed of the connection — all in budget friendly package.

1. Speed

It depends upon you what speed or bandwidth you require for your work, if you are using internet just for checking emails, chatting and social networking then you should go for low speed connection to save your money. But if you are going to stream movies, play multiplayer games and downloading/uploading heavy files then instead of planning to look for budget friendly packages, see the one which offer unlimited amount of bandwidth.

2. Packages

See what plans or packages are offered by your broadband service provider. Compare the offered services with the prices. Make a comparison chart on piece of paper and compare the features with labeled prices. Assess your internet needs and ask yourself whether you are going to need a higher bandwidth connection if your needs for regular internet usage increases in th future. Look for those ISP’s which offer discounted packages on occasional basis, like Comcast internet.

3. Reliability

On of the most important aspects. The only way to asses the reliability of a service is to ask others who are using or have used the particular ISP’s services in the past. Read the reviews online or find those people who are currently using the service. Rare slow speed is bearable sometimes but unreliable service or disconnections cannot be compromised when you’re paying for it.

4.Customer Support

A service is always assessed by the quality of its customer support department and the satisfaction level of the consumers. While choosing for an ISP, judge their customer support and services. After prices this is the second important aspect to look for. Call them to ask for the prices and don’t let them know that you’ve already seen and compared the packages from their website. Shoot them an email, ask something about their packages or any of the features and see how quick they are in responding your email. A helping customer service creates a level of confidence between the provider and the consumer and if they are good to you, you’ll feel more interested in their service and might put their name on top in your priority list.

Higher Education Loan Interest Waiver-Apply before 20th July2011

As per Press release of Press Information Bureau, Government of India, all eligible students for Central Government Scheme for Interest Subsidy on education loan can get exemption from payment of interest on the education loan which is due on the loans for the academic year 2099-10 onwards.

The last day for claiming this exemption is 20.07.2011. Those already applied for this exemptionneed not apply again.

All Scheduled Member Banks of the IBA have also been advised to take necessary action to adopt and implement the Scheme so that the benefits of the Scheme accrue to the eligible students. Canara Bank is the Nodal Bank, for the Member Banks of IBA, for claiming reimbursement of interests to student accounts.

The loans are for pursuing of studies in professional/technical streams from recognized institutions in India, subject to a loan ceiling of Rs.10 lakhs.

The details of the Scheme as well as the above communication are available on the website of the HRD Ministry at www.education.nic.in.

Central Government has provided this Interest Subsidy (CSIS) taken by students under educational loan scheme of Indian Banks Association (IBA), to pursue Technical/ Professional education studies in India. The scheme is effective from the academic year 2009-10. The benefits of the Scheme would be applicable to those students belonging to economically weaker sections(EWS), with an annual gross parental/family income upper limit of Rs.4.50 lakhs per year (from all sources).

Some of the salient features of the scheme :

The Government of India has approved a scheme to provide full interest subsidy during the period of moratorium i.e. Course Period plus one year or six months after getting job, whichever is earlier, on loans taken by students belonging to Economically Weaker Sections from scheduled banks under the Educational Loan scheme of the Indian Banks’ Association, for pursuing any of the approved courses of studies in technical and professional streams, from recognised institutions in India The Scheme would be applicable only for studies recognised Technical/Professional Courses in India. The interest subsidy shall be linked with the existing Educational Loan Scheme of IBA and restricted to students enrolled in recognised Technical/ Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other Institutions recognised by the concerned Statutory Bodies, Indian Institutes of Management (IIMS) and other institutions set up by the Central/State Government. Objective of the Scheme The Governemt of India has approved a scheme to provide full interest subsidy during the period of moratorium i.e. Course Period plus one year or six months after getting job, whichever is earlier, on loans taken by students belonging to Economically Weaker Sections from scheduled banks under the Educational Loan scheme of the Indian Banks’ Association, for pursuing any of the approved courses of studies in technical and professional streams, from recognised institutions in India Applicability of the Scheme

The Scheme would be applicable only for studies recognised Technical/Professional Courses in India. The interest subsidy shall be linked with the existing Educational Loan Scheme of IBA and restricted to students enrolled in recognised Technical/ Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other Institutions recognised by the concerned Statutory Bodies, Indian Institutes of Management (IIMS) and other institutions set up by the Central/State Government.

Interest Rates The interest rates charged on the educational loan shall be as per the BPLR/Base Rate of the Individual Banks

Moratorium Period Under the scheme, the interest payable by the student belonging to EWS for availing of the Educational Loan for Technical/Professional Courses in India for the period of moratorium i.e. Course Period plus one year or six months after getting job, whichever is earlier. After the period of moratorium is over, the interest on the outstanding loan amount shall be paid by the student, in accordance with the provisions of the existing Educational Loan Scheme of Banks and as may be amended from time to time, whichever is earlier.

Income Limit/Proof The benefits of the Scheme would be applicable to those students belonging to economically weaker sections(EWS), with an annual gross parental/family income upper limit of Rs.4.50 lakhs per year (from all sources). The scheme is intended to cater to the needs of students belonging to EWS with prescribed upper parental gross income limit of the family from all sources, which is based on economic index and not on social background. The scheme is independent of any other schemes which may cater to Economically Weaker Sections.

Competent Authority The Ministry of HRD, Government of India shall issue an Advisory to all the State Governments requesting them to designate appropriate authority or authorities who are competent to issue income certificates, based on economic index and not social background, for the purpose of this scheme. The Banks shall implement the Scheme based on the notification of the certification authority by State Governments communicated through District Level Consultative Committees (DLCCs).

Eligibility for Interest Subsidy The interest subsidy under the Scheme shall be available to the eligible students only once, either for the first undergraduate degree course or the post graduate degrees/ diplomas in India. Interest Subsidy shall, however, be admissable for integrated courses (graduate+ post graduate). Interest subsidy shall not be available for the following student borrowers, Those students once they discontinue the course midstream, or who are expelled from the Institutions on disciplinary or academic grounds. However, the interest subsidy will be available only if the discontinuation was due to medical grounds for which necessay documentation to the satisfaction of the Head of educational institution will have to be given

Nodal Bank The Scheme shall be implemented through Canara Bank, which is the Nodal Bank for the scheme. However, the student can apply under the scheme only through branch where educational loan is availed

Applicable Academic Year The Scheme shall be applicable from the academic year 2009-10 starting 1stApril, 2009. The loan amount taken starting from the Academic Year 2009-10 (irrespective of the date of sanction) shall only be covered under the scheme of interest subsidy. Interest on any amount disbursed for courses starting before the academic year 2009-10 would not be considered for subsidy

List of Technical/Professional courses Students enrolled in recognised Technical/Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other Institutions recognised by UGC/AICTE and other Statutory Bodies, Indian Institutes of Management (IIMS) and other institutions set up by the Central/State Government.

Indicative List of Eligible Courses Under Graduate Courses and Post Graduate Courses in Engineering (B.E/ M.E, B.Tech/M.Tech,B.Arch/ M.Arch etc.) Medical/ Para Medical (MBBS/MD, B.SC/ M.Sc.Nursing,B.Pharmacy/M.Pharmacy, BPT/MPT, BOI/MOI,Siddha, Ayurveda, Homeopathy,Naturopathy etc.)Agriculture, Veterinary, Law, Dental (BDS/MDS), Management, Computer (MCA) etc.,Post Graduate diploma courses duly approved by AICTE/UGC and conducted byrecognized institutions.

Indicative List of Non Eligible courses For studies in institutions abroad, courses pursued without completing class XII, Non Professional and Non Technical under Graduate and Post Graduate courses in Arts, Science, Commerce, Sociology, Music etc., Diploma Courses, Teacher Training Courses, Skill Development, Vocational Training courses etc.,

Download Circular DO No. 11-412010-U.5 of Human Resource Department dated 21.04.2010

Source: Press Information Bureau

Expected DA on July2011

The most eagerly awaited payment for a central government employee is his DEARNESS ALLOWANCE.We know that the Dearness Allowance which is announced twice in a year (ie: in the month of January and July.) is being calculated on the basis of AICPIN(IW).

Of all the allowances begetted by a central govt employee, it is only the DA that holds a special place.

The AICPIN for the month of January,February,March and April have been published.Based on these presently the percentage of DA is 56 %.The AICPIN for the month of May and June have to be still announced.Then only the exact percentage of DA can be calculated.

For reducing inflation Reserve Bank of India often increasing the interest rates .As a results the inflation is controlled but not reduced.Hence chances for reduction of numbers in AICPIN for the month of May and June are not visible.At the same time increase in numbers are also not there immediately.

If the same condition pervades for longer times there would be no doubt that the percentage of dearness Allowance July 2011 would be 57 or 58%.

MONTH	AICPIN	% OF DA
January	188	53
February	185	54
March	185	55
April	186	56
May	-	-
June	expected	57 or 58

eMO FAQ

eMO FAQ : View / Download

Force Delete,Remove File Which is Access Denied on Windows

Any file Remover is a small, simple and yet powerful application which can solve your issue by forcefully removing such files which has been locked by the windows and are not being used by you. It comes up with a simple and user-friendly interface with only a single button which is used to simply delete the files selected by the user. In order to delete a file, you just have to give path by specifying that particular file which you want to be deleted permanently from your system. After selecting that file, you may simply click on Remove option that allows you to delete the file from your system permanently.

The only limitation in this tool that you may observe is that it doesn’t provide you an option into file context menu. So, in order to delete the file you can’t simply use the options available on the right click, rather each time for deleting the file you have to manually run this tool. One more thing that should be noted for this tool is that it doesn’t move the file to Recycle Bin after you delete it, rather it deletes the file completely from your system. So, you have to be careful enough before deleting that file as you can’t restore that file again once you have deleted it using Any File Remover.

Download Any File Remover

Central Sector Scheme of Interest subsidy on Educational Loans

Ministry of Human Resource Development

Central Sector Scheme of Interest Subsidy on Educational Loans

The Ministry of Human Resource Development launched during 2009-10 a new Central Scheme to provide full interest subsidy during the period of moratorium on educational loans for students belonging to economically weaker sections (with parental family income from all sources of less than Rs.4.5 lakh annually), from scheduled banks under the Educational Loan Scheme of the Indian Bank’s Association (IBA). The loans are for pursuing of studies in professional/technical streams from recognized institutions in India, subject to a loan ceiling of Rs.10 lakhs.

Under the Scheme, proof of income is required to be certified by authorities to be designated by the State Governments. Accordingly, the Ministry has written to all Chief Secretaries of States/Union Territories to intimate the designated authority/authorities (at the District/Sub-District/Block, etc. levels) to the District level Consultative Committee (DLCC) so that banking authorities at the branch level where students would be approaching for availing the scheme would be aware of the same. The eligible students may get the details of designated authorities from the concerned branch of the Bank where they have availed of loan.

All Scheduled Member Banks of the IBA have also been advised to take necessary action to adopt and implement the Scheme so that the benefits of the Scheme accrue to the eligible students. Canara Bank is the Nodal Bank, for the Member Banks of IBA, for claiming reimbursement of interests to student accounts.

The details of the Scheme as well as the above communication are available on the website of the HRD Ministry at www.education.nic.in.

All eligible students who wish to avail of the benefits of the Scheme, are advised to approach the respective bank branch from where they availed of the education loan and complete the necessary formalities including obtaining the certification in respect of annual family income from the competent authority at the Block/Tehsil/District Level, so that the individual students accounts could be credited with he interest due on the Loans for the academic year 2009-10 onwards. Those who have already submitted such Certificates are not required to submit them again. The last day for submitting Certificates by students to respective branches is 20.07.2011.