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MCQs on Article 6: Finance Committee

1. Under which rule is the Finance Committee established?

A) Rule-40
B) Rule-42
C) Rule-43
D) Rule-45

Correct: C) Rule-43

2. The Finance Committee is a sub-committee of which body?

A) Samiti
B) Executive Committee
C) Academic Advisory Committee
D) Finance Department

Correct: B) Executive Committee

3. How many members are there in the Finance Committee?

A) Five
B) Six
C) Seven
D) Eight

Correct: B) Six

4. Who is the Chairman of the Finance Committee?

A) Commissioner, NVS
B) Joint Secretary and Finance Advisor, MHRD
C) Chairman, CBSE
D) CAO & IFA, NVS

Correct: B) Joint Secretary and Finance Advisor, MHRD

5. Who serves as the Member Secretary of the Finance Committee?

A) Commissioner, KVS
B) CAO & IFA, NVS
C) Joint Secretary (SE-II)
D) Chairman, CBSE

Correct: B) CAO & IFA, NVS

6. Which of the following is an ex-officio member of the Finance Committee?

A) Commissioner, NVS
B) Joint Secretary (SE-II)
C) Chairman, CBSE
D) All of the above

Correct: A) Commissioner, NVS

7. What is one of the primary duties of the Finance Committee?

A) Hiring staff
B) Scrutinizing accounts and budget estimates
C) Conducting academic reviews
D) Managing school admissions

Correct: B) Scrutinizing accounts and budget estimates

8. To whom does the Finance Committee make recommendations?

A) Samiti
B) Executive Committee
C) Ministry of Finance
D) Regional Offices

Correct: B) Executive Committee

9. What type of proposals must be referred to the Finance Committee?

A) New expenditure on major works and purchases
B) Staff training programs
C) Curriculum changes
D) Student welfare schemes

Correct: A) New expenditure on major works and purchases

10. What does the Finance Committee scrutinize regarding re-appropriation?

A) Student records
B) Re-appropriation statements
C) Teacher evaluations
D) Exam schedules

Correct: B) Re-appropriation statements

11. When can the Finance Committee conduct a concurrent audit?

A) Annually
B) Whenever necessary
C) Only on request
D) Never

Correct: B) Whenever necessary

12. What is one financial question the Finance Committee can advise on?

A) Curriculum design
B) Financial affairs of the Samiti
C) Student discipline
D) Teacher recruitment

Correct: B) Financial affairs of the Samiti

13. Who represents the Ministry of Human Resource Development in the Finance Committee?

A) Joint Secretary and Finance Advisor
B) Commissioner, NVS
C) Chairman, CBSE
D) Joint Secretary (SE-II)

Correct: A) Joint Secretary and Finance Advisor

14. Which member is from the Department of School Education & Literacy?

A) Joint Secretary (SE-II)
B) Commissioner, KVS
C) CAO & IFA, NVS
D) Chairman, CBSE

Correct: A) Joint Secretary (SE-II)

15. What is the role of the Commissioner, NVS in the Finance Committee?

A) Chairman
B) Member Secretary
C) Ex-Officio Member
D) Advisor

Correct: C) Ex-Officio Member

16. What is the significance of the Finance Committee's recommendations?

A) Mandatory for implementation
B) Advisory to the Executive Committee
C) Final decision-making
D) Irrelevant

Correct: B) Advisory to the Executive Committee

17. Which document references the Finance Committee establishment (dt. 25.03.1992)?

A) F.No.8-64/88-NVS(GA)
B) F.No.6-5/90-NVS(Admn.)
C) F.No.10-12/91-NVS
D) F.No.5-3/89-NVS

Correct: B) F.No.6-5/90-NVS(Admn.)

18. What is the Finance Committee's role in audit notes?

A) Ignore them
B) Scrutinize and recommend
C) Approve directly
D) Reject outright

Correct: B) Scrutinize and recommend

19. Who is responsible for conducting a concurrent audit if needed?

A) Executive Committee
B) Finance Committee
C) Samiti
D) Regional Offices

Correct: B) Finance Committee

20. What is the maximum number of members the Finance Committee can have as per the text?

A) Five
B) Six
C) Seven
D) Eight

Correct: B) Six