Under the General Financial Rules (GFR) 2017, every government servant is expected to maintain absolute integrity and: MCQ with Answer and Explanation

Under the General Financial Rules (GFR) 2017, every government servant is expected to maintain absolute integrity and:
A. Absolute honesty
B. Absolute devotion to duty
C. Both absolute honesty and absolute devotion to duty
D. Absolute political neutrality
Answer: Option C
Solution (By JKSSB Mock Tests)
Rule 3 of GFR 2017 states that every government servant is expected to maintain absolute integrity, absolute honesty, and absolute devotion to duty in the performance of their official duties.

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Practice More Accountancy and Book Keeping Questions

Question #1
The 'Insolvency and Bankruptcy Code' (IBC) 2016 provides:
A. For winding up of companies only
B. Tax collection
C. Audit procedures
D. Time-bound resolution of insolvency and bankruptcy

Correct Answer: Option D


Explanation:
IBC aims at resolution in a time-bound manner, maximising asset value.

Question #2
The 'Accounting Equation' remains intact under:
A. Double entry system
B. Cash system
C. Single entry only
D. All systems

Correct Answer: Option A


Explanation:
Double entry system always maintains the balance of accounting equation. Single entry does not.

Question #3
In the preparation of Income and Expenditure Account, outstanding expenses at the end are:
A. Added to the respective expense
B. Shown as income
C. Ignored
D. Deducted from the respective expense

Correct Answer: Option A


Explanation:
Outstanding expenses increase the total expense for the period.