Topic: Expenditure
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Question - 1
Works - Corrigendum to the Tender
Notice – Minimum _____ days
notice
Answer – 1
15 Days
Question - 2
Works - Quotations – At least ___ well
experienced Contractors / Agencies
(Need not be in Approved List)
Answer - 2
3
Question - 3
Works - NIQ stands for ___________
(Hint: Quotations)
Answer - 3
Notice Inviting
Quotation
Question - 4
Works - Quotations – Minimum
Notice period of at least ______
Days from the date of NIQ (Notice
Inviting Quotation)
Answer - 4
7 Days
Question - 5
Works - Quotations – Powers of
SG/JAG/SS(Independent charge) –
Maximum limit with the Finance
concurrence is ______ Lakhs
Answer - 5
5 Lakhs
Question - 6
Quotations – Powers of
SG/JAG/SS(Independent charge) –
Maximum limit with out the Finance
concurrence is ______ Lakhs (for
Safe running of Trains only)
Answer - 6
Rs. 2 Lakhs
Question - 7
LOA stands for _________
Answer - 7
Letter Of Award /
Acceptance
Question - 8
TAA stands for _____________
Answer - 8
Tender Acceptance
Authority
Question - 9
Direct Acceptance of Tenders:
Minimum Notice period is _____
days
Answer - 9
21 Days
Question - 10
IREPS stands for ___________
Answer - 10
Indian Railways
Electronic Procurement
System
Question - 11
Two packet system applicable –
Works More than _______ Crore
Answer - 11
Rs. 10 Crore
Question – 12
EOI stands for _______________
Answer - 12
Expression Of Interest
Question - 13
AMC stands for _________
Answer - 13
Annual Maintenance
Contract
Question - 14
OEM stands for ___________
Answer - 14
Original Equipment
Manufacturer
Question - 15
PQB stands for ____________
Answer - 15
Pre Qualification Bidding
Question - 16
NIT stands for ____________
Answer - 16
Notice of Inviting Tender
Question - 17
Works – Major Tenders – Minimum
Notice Period is _____ days
Answer - 17
30 Days
Question - 18
Works - Minimum Notice Period (30
days) can be reduced up to _____days
in case of works with approval of SAG
& without finance concurrence up to
the value of Rs. 1 Crore through IREPS
Answer - 18
21 Days
Question - 19
Works - Minimum Notice Period (30
days) can be further reduced up to
_____days in case of works with
approval of SAG & with finance
concurrence up to the value of Rs. 2
Crore through IREPS
Answer - 19
14 Days
Question - 20
Works - NIT to be uploaded on
______ and published in ______
Answer - 20
IREPS & Newspapers
Question - 21
Works - Approved list of Contractors
should not be less than _____
names
Answer - 21
10 Names
Question - 22
Works – Limited / Spl Limited
Tenders – Minimum Notice Period is
______ days
Answer - 22
14 days
Question - 23
Works – Special Limited Tenders: the
number of Agencies shall not be less
than ____ names and preferably ____
names.
(approval list is not required)
Answer - 23
4 Names & 6 Names
Question - 24
GCC stands for ____________
Answer - 24
General Conditions of
Contract
Question - 25
The Latest edition of GCC for works
is _______ ( Month & Year)
Answer - 25
2022 April
Question - 26
The Latest edition of GCC for
Services is _______ ( Month &
Year)
Answer - 26
2018 January
Question - 27
Works - New Name of EMD – Earnest
Money Deposit is __________
Answer - 27
Bid Security
Question - 28
Works - The EMD / Bid security %
____ up to the Tender value of Rs. 1
Crore and _____ Beyond Rs. 1
Crore
Answer -28
2 % & 0.5 %
Question - 29
Works – Maximum EMD/Bid Security
to be collected is _____
Answer - 29
Rs. 1 Crore
Question - 30
Works – EMD/Bid Security rounded
off the nearest ______
Answer - 30
Rs. 100
Question - 31
Bank Guarantee Bond (as Bid
Security) validity period is beyond
_____ days of Bid validity period
Answer - 31
90 days
Question - 32
The Original Bank Guarantee should be
delivered in person to the official
nominated as indicated in the Tender
document _____ days before the
closing date for submission of Bids
Answer - 32
1 Working day
Question - 33
Works: Pre bid conference is
required for the Tenders valuing
_____ Crore or more
Answer - 33
Rs. 50 Crore
Question - 34
MII policy stands for
_______________
Answer - 34
Make In India policy
Question - 35
DPIIT stands for __________
Answer - 35
Dept for Promotion of
Industry & Internal
Trade
Question - 36
Works: Technical Eligibility &
Financial Eligibility required for
Tenders valuing ______ and above
Answer - 36
Rs. 50 Lakh
Question - 37
Expenditure on New Service / New
Instrument of Service incurred from
___________ ( Hint: Fund)
Answer - 37
Contingency Fund of India
(Part 2 of Government
Accounts)
Question - 38
Works: Technical Eligibility – Tenderers
must have completed similar works as
prescribed in the last _____ years
ending the last day of the month
previous to the one in which Tender is
invited.
Answer - 38
7 Years
Question - 39
Works: Technical Eligibility
- Successfully completed the
3 similar works - ___ % of the advertised value of Tender
2 similar works - ___ % of the advertised value of Tender
1 similar work - ___ % of the advertised value of Tender
Answer - 39
30%, 40% & 60%
Question - 40
Works: Subletting of work costing up
to _____ Lakh, no previous work
experience of sub contractor shall
be asked for by the Railways
Answer - 40
Rs. 50 Lakh
Question - 41
ITC stands for _________ (Hint: GST)
Answer - 41
Input Tax Credit
Question - 42
RCM stands for ___________ (Hint:
GST)
Answer - 42
Reverse Charge
Mechanism
Question - 43
Works: Tender Validity period for
Single Packet Tenders & Two packet
Tenders is _____ days & _____ days
respectively.
Answer - 43
60 Days & 90 Days
Question - 44
Works: In case, the notarised affidavit is found to be
forged / false during the process of Tenders or after
awarding the contract, the action by the
administration is
1. Forfeiture of Bid security / SD / PG
2. Banning of the business for a period of ____ years
Answer - 44
2 years
Question - 45
SD – Security Deposit shall be ____
% of the Contract value.
Answer - 45
5%
Question - 46
SD – Security Deposit shall be
recovered at the rate of ____ % of
the Bill amount till the full SD is
recovered
Answer - 46
6%
Question - 47
PVC stands for ____________
Answer - 47
Price Variation Clause
Question - 48
PVC shall be applicable for Works
Tenders whose advertised value
above ____ Crore and having a
completion period of _____ and
above
Answer - 48
Rs. 2 Crores
Question - 49
Internal check is one of the functions
of ______ Dept
Answer - 49
Accounts Dept
Question – 50
The Latest GFR issued in the year
____
Answer - 50
2017
Nageswara Rao M
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