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Bugets multiple chose quation on tender and types of bugets
Typology: Exercises
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The following model questions and answers are for the guidance of the candidates appearing for the Gr.B selections for the post of AMM in Stores Department only and the question papers may not be set based on this set of questions and hence the candidates shall not have any claim over any of these model questions in the forthcoming examinations. Stores Department of NCR will not take any responsibility for these questions for the forthcoming Gr. B selection examinations and candidates must follow latest guidelines from Railway Board/North Central Railway.
Section A- Objective Questions:
a. Rs. 40,000/- b. Rs. 1 Lakh c. Rs. 8 Lakh d. Rs. 4 Lakh Answer : c
b. JAG level TC c. Senior Scale level TC d. None of these. Answer : c
a. KVIC : Khadi & Village Industries Corporation b. NSIC : National Small Scale Industries Corporation c. MMTC: Minerals and Metals Trading Corporation d. IEEMA: Indian Electrical and Electronics Manufacturers Association e. DDO: Direct Demand Officer f. FOB: Free On Board
Ans. AGM.
Statistical Statement 2010-11 is; Ans: 11%
Ans: 5
Ans: Re-appropriation.
77. For PO values of Rs.1,68,75,700/- and Rs. 16,87,70,000/-, firm should deposit Security Deposit of -----------and ---------- respectively. Ans. A)Rs.16,87,570/- and Rs.1,68,77,000/- B)Rs. 10,00,000/- and Rs.20,00,000/- C) Rs.16,87,570/- and Rs.20,00,000/- D) Rs. 10,00,000/- and Rs.16,00,000/- Ans.B) 78. As soon as the offer of the tenderer is accepted, the contractor has to deposit SD Ans. A) Within 30 days of the posting of written notice of acceptance B) Within 25 days of receipt of the communication C) Within 21 days of receipt of the communication D) Within 14 days of the posting of written notice of acceptance Ans.D) 79. Offers received after closing of tender box, but before opening of tenders , are called Ans. A) Late Tenders B) Delayed Tenders C) Limited Tenders D) Open Tenders Ans.B) 80. IRS Terms and conditions Para-2900 deals with Ans. A) Consignee’s right of rejection B) Book Examination Clause C) Arbitration in case of dispute D) Force Majeure Clause Ans.C) 81. A firm has entered into a contract with Railway to supply an item free off any cost. In the eye of Law Ans. A) Penalty can be imposed on firm in case of failure in supply B) Contract is not enforceable. C) Contract is enforceable but penalty cannot be imposed D) Firm should be considered in future based on supply contract Ans.B) 82. As per IRS Terms & Conditions Arbitration Clause, who should appoint arbitrator in case of dispute in contracts entered into by Production Units Ans. A) Member of the Railway Board
B) High Court C) COS D) GM Ans.D)
83. As per Arbitration & Reconciliation Act 1996, annual rate of interest on award amount after the date of award is--------. Ans. A) 12% B) 8% C) 18% D) Dependent on prevailing bank rate. Ans.C) 84. As per Sales of Goods Act 1930, in contracts of Sale, amount increased owing to increase in Tax should be paid to seller Ans. A) Always. B) Only if SVC is in the contract C) Unless a different intention appears from the terms of contract. D) Never Ans. C) 85. In case of Rate Contract Ans. A) Quantity, rate and consignee are stipulated B) Only rate is stipulated C) Quantity and Rate is stipulated D) Quantity, rate and Delivery Period is stipulated. Ans.B) **Section B- Descriptive Questions:
that they do not have any financial interest in the agencies to whom such contracts are awarded so that they do not, directly or indirectly get benefited by such transactions. Para iii.of Canons of Financial Propriety warrants that the conditions incorporated in the tenders for procurement of materials are fair and transparent, and do not favour any of the prospective bidders. To meet the requirement of Para iv of Canons of Financial Propriety it has to be ensured that officials are deputed for jobs after properly assessing the requirement so that the expenditure on allowances are kept at bare minimum and wasteful expenditure is avoided.
88. State the objectives of Stores department? Ans The objectives of Stores department are as under: To Procure materials at lowest price, consistent with desired quality To assess the needs of various departments in respect of materials in a scientific manner based on the past consumption pattern, and interaction with the user departments etc. To maintain continuity of supply, preventing interruption of the flow of materials to the users To develop reliable alternate sources of supply to promote a competitive atmosphere in performance and pricing and to maintain satisfactory "buyer-vendor" relationship To ensure proper receipt, inspection, stocking, issue and accountal of stock items To maintain a high inventory turnover, by reducing excess storage, inventory carrying costs and inventory losses occurring due to deteriorations, obsolescence and pilferage To dispose of the scrap generated in the process of production, maintenance and repair works, and other obsolete and unserviceable materials after proper survey and valuation
To promote standardization and variety reduction with a view to ensure consistent quality at optimum cost To implement such programmes like value analysis, cost analysis and make or buy decisions, with a view to reduce costs
89. Describe the functions of Controller of Stores Ans The functions of Controller of Stores are as following: i. It is his responsibility to administer and control the working of stores department. ii. It is his duty to ascertain the needs of a railway in the matter of materials and stores and of arranging for the supply of such materials and stores in the most efficient, economical and expeditious manner possible iii. All Stocks of stores on hand, whether with the Stores Department or other departments of the Railway, represent funds that are not productive. Controller of Stores is responsible for ensuring that while stocks should be such that stores required by the railway are readily available, they should be as small as possible, and losses due to obsolescence or deterioration should be the minimum practicable. iv. He is responsible for receipt, inspection and distribution of materials to the various stores depots, for their custody while in-charge of the stores department and finally for their issue on requisitions received from authorised officials of the railway. v. It is his responsibility to issue and maintain upto-date a Nomenclature- cum-Price List including all items of stores in stock in the Stores Depots. vi. His duties include maintenance of numerical records of stores in stock and to the preparation of the initial documents of receipt and issue. vii. The Controller of Stores should arrange for submission to him of such statements and returns as may be necessary to keep him informed of
Import of complete rolling stock, Accident Relief Cranes and R/C for spares of stock, Indigenous procurement of Wheels, Tyres & Axles and Man Power Planning.
Issue of materials, Scrap sale etc. and have various sections/wards like Receipt Section, Inspection Ward, Stocking Wards, Despatch Sections, Ledger Section, Progress Section, Scrap Yard etc. which are all headed by a Section in-charge, who report to the depot in-charge. The depot in- chargereports to the Controller of Stores through the respective CMMs in the Headquarters. In addition to the General Stores depots, there are depots attached with the Railway workshops and Diesel/Electric sheds, which are under the administrative control of the heads of the respective Workshops/Sheds. These cater to the needs of the Workshops/Sheds in respect of materials. These depots are normally headed by a SMM/AMM. Similarly, the each Division has a Stores organization, normally headed by a Dy.CMM who is under the administrative control of the DRM. The divisional stores officer is in-charge of the divisional stores depot (available is some divisions only), and is responsible for coordination with the Headquarters’ Stores office for items in short supply, for local purchase of urgent/small value items, for disposal of low value scrap, and for drawl of uniforms from the nominated General Stores depot and distribution of the same to the various branches of the division.