MPSC Maharashtra finance and account service class – 1 officers – 2016 Question Paper

MPSC Maharashtra finance and account service class – 1 officers – 2016 Question Paper

PAPER – I

Precis and drafting

N.B:-

(1) Candidate should not write roll number, any name (including his/her own), signature, address or any indication of his/her identity anywhere inside the answer book otherwise he I she will be penalized.

(2) Candidates are expected to answer all the sub-questions of a question together, if sub-question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answers are to be written in one language only either in Marathi or in English.

(4) All questions are compulsory.

(5) The marks for each question are indicated in the margin,

(6) No textbook is prescribed for the examination.

PART-I

1. You are working as a District Treasury Officer. The Pension payment process in the Treasury is required to be computerized. Please draft a proposal to the Joint Director of the region detailing the pension payment process and indentifying the most sensitive and required to be computerized most urgently and being important, to be stressed and also refer to the less important and less sensitive parts may also be described in the proposal.
2. You are posted as on Assistant Director of Local Fund Audit of a District. In order to exercise stringent control of the Audit of Municipalities, you are required to draft a proposal to the Joint Director of the region, regarding the procedure of maintenance of accounts and its evaluation during the audit process be written in detail, while locating the control points and making the audit process extremely stringent and accurate.
3. You are posted as the Assistant Director of Accounts in a Corporation, where the main activities of the corporation are to provide loans to the backward and underprivileged citizens at a concessional rate and its recovery from the loaners. It is found out by you is that, recovery of loans is not properly regulated and huge amounts are outstanding. You are required to draft a proposal to the Managing Director of the corporation detailing the various kinds of outstanding recoveries and give a solution for recovery of the various kinds of outstanding loans.

PART-II

4. Summarise the following passage to about one-third of its length and suggest a suitable title:-

Whenever, I mention this to people who have not experienced the power of micro-credit firsthand, I see a half-smile often masking their obvious cynicism or doubts. Even supporters of micro-credit sometimes view this as an “impossible dreamn which we use to motivate ourselves and our workers. Can anyone really conceive of a world without poverty? What would it be like? Would it really work? To me, a world without poverty means that every person would have the ability to take care of his or her own basic life needs. In such a world, nobody would die of hunger, or suffer from malnutrition. This is a goal world leaders have been calling for decades, but have never set out any way of achieving it. Today 40,000 children die each day around the world from hunger related diseases. In a poverty-free world, no children would die of such causes. Everybody in every part of the globe would have access to education and health-care services because he or she would be able to afford them. Unlike today the state would not be required to provide free or subsidized health-care or schooling. All state organization created to provide free or subsidized services for the poor would no longer be required and could be done away with. Thus, no need for welfare or local welfare agencies, on the national welfare department. No need for hand-outs, no food stamps, no free schools, no free hospital care, no begging in the streets. State-run safety-net programs would have no National for existence because no one would live on charity any more. State-run social security programmes, income-support programmes would be unnecessary. Social structures in a poverty-free world would, of course, be quite different from those that exist in a poverty-ridden world. But nobody would be at the mercy of anyone else, and that is what would make all the difference between a world without poverty and one riddled with it. Finally, a poverty-free world would be economically much stronger and far more stable than the world today. One-fifth of the world’s inhabitants who today live a life of extreme poverty would become income earners and income spenders. They would generate extra demand in the market to make the world economy grow. They would generate extra demand in the market to make the world economy grow. They would bring their creativity and innovations into the market-place to increase the world’s productive capacity. Since nobody would ever become poor, except on a temporary and limited basis, the economy would probably not go through extreme swings. We would avoid boom-and-bust cycles and be able to surmount manmade disaster with greater case. But even in poverty-free world where every man and every woman would earn enough to take care of themselves and their family, there would still be situations of temporary poverty due to a sudden catastrophe or misfortune, a bankruptcy or business downturn leading to failure, or some personal disease or disaster. A poverty-free world might see a whole group of families, locations, or even regions, devastated by some shared disaster, such as floods, fire, cyclones, riots, earthquakes or other disasters. But such temporary problems could be taken care of by the market mechanism through insurance and other self-paying programmes, assisted of course by social-consciousness driven enterprises. There would always remain differences in lifestyle between people at the bottom of society and those at the top income levels. Yet that difference would be the difference between the middle-class and the luxury class, just as on trains in Europe today you have only first-class and second-class carriages whereas in the nineteenth century there were third-class and even fourth-class carriage-sometimes with no windows and just hay strewn on the floor. Can we really create a poverty-free world? A world without third-class or fourth-class citizens, a world without a hungry, illiterate barefoot under-class? Yes we can, in the same way, as we can create ‘sovereign’ states, or ‘democratic’ political systems, on ‘free’ market economies. A poverty-free world would not be perfect, but it would be the best approximation of the ideal. We have created a slavery-free world, a polio-free world; an apartheid-free world creating a poverty-free world would be greater than all these accomplishments while at the same time reinforcing them. This would be a world that we could all be proud to live in. – (Muhammad Yunus.)

PAPER – II

Maharashtra Civil services rules, etc.

N.B:-

(1)  Candidate should not write roll number, any name (including his/her own), signature, address or any indication of his/her identity anywhere inside the answer book otherwise he/she will be penalized.

(2) Candidates are expected to answer all the sub-questions of a question together, if sub-question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answers are to be written in one language only either in Marathi or in English.

(4) Attempt any five questions.

(5) Indiscriminate copying of an authority will be discounted. (6) Marks for each question are indicated in the margin

(7) Reference to rules wherever necessary be given.

1. Write short notes:-

(a) Earned Leave

(b) Leave not due

(c) Joining Time

(d) Lien.

2. Write short notes:-

(a) Extra-ordinary Leave

(b) Death-cum-Retirement Gratuity and Nomination.

(c) Provisional Pension

(d) Commutation of Pension.

3. What are the special kinds of Leaves which can be availed by Government Servant while in service?
4. (a) In which circumstances pay of a Government Servant is fixed during the service?

(b) Write the provisions regarding recording of events and date of birth in the service book of Government Servant.

5. What are the minor and major punishments? Describe procedure to impose major punishments.
6. Enlist different kinds of pensions admissible to Government Servants. Describe them in short.

PAPER – III

Introduction to Indian government accounts and audit, etc.

N.B:- 

(1) Candidate should not write roll number, any name (including his/her own) signature, address or any indication of his/her identity anywhere inside the answer book otherwise he/she will be penalized.

(2) Candidates are expected to answer all the sub-questions of a question together, if sub-question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answers are to be written in one language only either in Marathi or in English.

(4) Question No. 1 is compulsory.

(5) Solve any four questions from question Nos. 2 to 6.

(6) Marks for each question are indicated in the margin.

1. Write short notes (any four):-

(a) Reconciliation of receipts.

(b) Transfer of pension.

(c) Utilization certificate.

(d) Claims of members of legislature.

(e) Pre-check of sanction of grant-in-aid.

2. (a) What is audit of sanction? Explain guiding principles of audit of sanction.

(b) Explain the basic principles of audit of receipt.

3. What are the duties and powers of the Comptroller and Auditor General inlisted in the Act, 1971.
4. (a) What are the points in checking the vouchers should be followed by Auditor?

(b) State the points to be observed in purchasing of store.

5. (a) What are the minimum responsibilities should be exercised while verifying the claims in respect of all contingent expenditure ?

(b) What are checks to be observed while examining contracts or agreements for works or supplies entered into by competent authority?

6. (a) Explain in detail scope and functions of Public Accounts Committee.

(b) State the difference between the principles of Commercial Account and Audit and Government system of Accounts and Audit.

PAPER – IV

Commercial book-keeping

N.B:-

(1) Candidate should not write roll number, any name (including his/her own), signature, address or any indication of his/her identity anywhere inside the answer book otherwise he/she will be penalized.

(2) Candidate are expected to answer all the sub-questions of a question together, if sub-question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answer are to be written in one language only either in Marathi or in English.

(4) Attempt any five questions.

(5) Question No. 1 is compulsory.

(6) All questions carry equal marks.

1. From the following Trial Balance of M/s. Kishore Ram extracted from 31st March 2016, prepare a Trading and Profit and Loss Account for the year ended on 31st March 2016 and a balance sheet as on that date :-

Trial Balance on 31st March 2016

Particulars	Debit Amount (Rs.)	Credit Amount (Rs.)
Stock on (1-4-2015)	30,000
Purchase and Sales	75,000	1,25,000
Drawings	2,000
Returns	2,400	1,000
Sundry Expenses	600
Wages	3,500
Salaries	5,600
Travelling Expenses	1,600
Advertisement	600
Rent and Taxes	2,800
Insurance	2,000
Bad debts	600
Discount	1,300	1,000
Building	50,000
Machinery	15,000
Furniture	10,000
Cash	3,000
Capital	……..	83,000
R.D.D.	……..	600
Bank overdraft	……..	6,400
Debtors and Creditors	41,000	30,000
Total	2,47,000	2,47,000

 

Additional Information:-

(a) Closing stock is valued at Rs. 45,000.

(b) Outstanding Rent Rs. 200, Wages Rs. 500.

(c) Insurance is paid for the year ended 30th June 2016.

(d) Write of Rs. 1,000 for bad debts and R.D.D. at 5% on debtors and create reserve for discount for debtors at 2% and discount on creditors at 3%.

(e) Depreciate building by 5% machinery by 10% and furniture by 15% p. a.

(f) Travelling expenses include Rs. 400 for private travelling of the proprietor.

2. (a) Define Depreciation. Explain in detail different methods of calculation of depreciation.

(b) What are the advantages of double entry system?

3. Write short notes on (any four) :-

(a) Goodwill.

(b) Cash Book

(c) Cash Discount and Trade Discount.

(d) Promissory note

(e) Bill of exchange

(f) Bad debts.

4. (a) Distinguish between Income and Expenditure Account and Receipt and Payment Account.

(b) What is meant by Joint Venture? Distinguish between Joint Venture and Partnership.

5. (a) From the following information given by cashier of Mr. XYZ prepare a bank reconciliation statement on 31st March 2016 :- (i) Bank overdraft as per pass book Rs. 16,600.

(ii) Cheque issued to the suppliers but not presented to the Bank Rs. 8,750.

(iii) Cheque deposited with the bank but not credited by Bank Rs. 10,500.

(iv) Cheque recovered in the cash book but not sent to the bank for collection Rs. 2,000.

(v) Customer directly deposited into the Bank A/c. Rs. 3,500.

(vi) Pass book shown debit entry for Bank Charges Rs. 200.

(vii) As per standing instructions, bank paid insurance premium Rs. 1,980.

(viii) A bill of exchange for Rs. 3,000 discounted with Bank in February, 2016 dishonored in March, 2016 and noting Changes paid by Bank Rs. 100.

(b) What are the Chief Types of Negotiable Instruments?

6. (a) Give the difference between (any two) :-

(i) Trial Balance and Final A/c.

(ii) Equity Share and Preference Share.

(iii) Single entry and Double entry system.

(b) What is cost accounting? Explain different methods of cost Accounting.

PAPER – V

Constitution of India

N.B:-

(1) Candidate should not write roll number, any name (including his I her own), signature, address or any indication of his I her identity anywhere inside the answer book otherwise he/she will be penalized.

(2) Candidates are expected to answer all the sub-questions of a question together, if sub-question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answers are to be written in one language only either in Marathi or in English.

(4) The marks for each question are indicated in the margin.

(5) Question No. 1 is compulsory. Solve any four questions from question Nos. 2 to 6.

(6) Question solved excess will not be evaluated.

1. Write short notes (any four):-

(a) Composition of Legislative Council

(b) Official Language

(c) Finance Commission

(d) Contingency Fund

(e) Restriction as to imposition of Tax on the sale and purchase of Goods.

(f) Contracts.

2. Discuss the provisions relating to Equality of opportunity in matters of public employment.
3. Discuss the powers of High Courts to issue certain writs.
4. Define Money Bill. Discuss the provision as to introduction and passing of Money Bills.
5. Who appoints CAG (Comptroller and Auditor General of India)? Whether CAG is eligible for further employment under the Government of India or Government of State after he has ceased to hold his office? Enlist the Duties and powers of CAG.
6. Explain the Constitutional Provisions relating to distribution of Revenue between Union and State.

PAPER – VI

Bombay financial rules, Maharashtra treasury rules, etc.

1. (a) Describe the procedure and factors to be considered by treasuries for the payment of purchase of stores.

(b) Explain provisions regarding Abstract Contingency Bill and Detailed Contingency Bill.

2. Describe in detail the procedure for preparation of Budget and its submission in legislature.
3. Which interest bearing advances can be sanctioned to Government Servant under Financial rules? Explain in brief.
4. Explain in brief regarding the manner of payment of amount in General Provident Fund and procedure for authorizing the payment of fund. What is the responsibility of Head of Office regarding payment of fund?
5. What are the general rules to be followed by Government Officer while entering into contract involving expenditure from State revenue?
6. Write short notes (any four):-

(a) Deposit linked insurance scheme

(b) Time barred claims settlement

(c) Cash Book

(d) Consolidated Fund

(e) Canons of Financial Propriety.

PAPER – VII

Accounts code, part 1, etc.

N.B: –

(1) Candidate should not write roll number, any name (including his/her own), signature, address or any indication of his / her identity anywhere inside the answer book otherwise he/she will be penalized.

(2) Candidates are expected to answer all the sub-questions of a question together, if sub-question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answers are to be written in one language only either in Marathi or in English.

(4) Answer any jive questions.

(5) Marks are indicated in the right side of margin for each question.

(6) Quote authority in support of your answer.

(7) Marks will be deducted in indiscriminate copying.

1. (a) Briefly explain the scope of standard detailed heads.

(b) What is Administrative approval? What is Technical approval? When is revised Administrative approval necessary and who are the Competent Authorities who grant such revised Administrative approval?

2. Write a critical essay on the responsibilities and duties of Chief Accounts and Finance Officer of Zilla Parishad.
3. Write short notes on:-

(a) Transfer Entries.

(b) Vouchers.

(c) Measurement Book.

(d) Accountant General’s Inspection.

4. (a) What are guiding Principles of allocation of expenditure between Capital and Revenue?

(b) How accounts of Petty Contractors are maintained in Zilla Parishad?

5. State in brief the various checks applied to grant-in-aid Payments in a Zilla Parishad by way of Internal Audit.
6. What are the directions regulating the exhibition of losses in Government Accounts? Can a State Government modify the directions?

PAPER – VIII

Maharashtra zila parisads and panchayat samiti’s act, 1961, etc.

N.B:-

(1) Candidate should not write roll number, any name (including his/her own), signature, address or any indication of his/her identity anywhere inside the answer book otherwise he/she will be penalised.

(2) Candidates are expected to answer all the sub-questions of a question together, if sub question of a question is attempted elsewhere (after leaving a few pages or after attempting another question) the later sub-question shall be overlooked.

(3) Answers are to be written in one language only either in Marathi or in English.

1. Write short notes (any four):-

(a) Duties of Zilla Parishad during famine.

(b) Penalty for disobeying requisition for audit.

(c) Procedure for selection of Sarpanch and Upsarpanch.

(d) Powers, duties and functions of Municipal Education Board.

(e) Powers of State Government to alter boundary of block.

(f) Contents of Audit Report.

2. Define local fund audit. Give the procedure to be adopted by the Commissioner for surchargdcharge, illegal payment or loss caused by gross negligence or misconduct?
3. (a) Describe the financial assistance given to panchayats.

(b) State Governments powers to give directions regarding work’s and development schemes.

4. What should be the due procedure followed by Zilla Parishad for recovery of taxes and fees from defaulters?
5. Answer any two of the following:-

(a) Term of office and procedure for election of president and vice-president of Zilla Parishad.

(b) Powers of Administrative officer over the Std of School Boards.

(c) Effect of conversion of municipality into panchayats.