Which module of PFMS allows tracking of fund utilization by implementing agencies at lower tiers? MCQ with Answer and Explanation

Which module of PFMS allows tracking of fund utilization by implementing agencies at lower tiers?
A. DBT Module
B. EAT (Expenditure, Advance and Transfer) Module
C. GSTN Module
D. E-Kuber Module
Answer: Option B
Solution (By JKSSB Mock Tests)
The EAT module maps the entire hierarchy of implementing agencies, ensuring funds transferred are tracked until final expenditure.

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Practice More Accountancy and Book Keeping Questions

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Which of the following is an accounting standard on 'Impairment of Assets'?
A. AS 10
B. AS 28
C. AS 14
D. AS 2

Correct Answer: Option B


Explanation:
AS 28 deals with Impairment of Assets, ensuring assets are not carried at more than recoverable amount.

Question #2
The 'Zero-Rated Supply' under GST includes:
A. Exempt supplies
B. All supplies
C. Exports and supplies to SEZ
D. Nil-rated supplies

Correct Answer: Option C


Explanation:
Zero-rated supplies attract 0% GST, and input tax credit is available.

Question #3
The 'Chairperson of GST Council' is:
A. Finance Secretary
B. Union Finance Minister
C. Revenue Secretary
D. Prime Minister

Correct Answer: Option B


Explanation:
Union Finance Minister is the ex-officio chairperson of GST Council.