Schedule of Financial Powers- Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.
1.What is the maximum limit for Boat allowance that may be sanctioned to Postmen and village postmen in any one case per month?
a) ₹1,000
b) ₹500
c) ₹750
d) ₹300
2.Under Rule 13(2) of DFPRs, what is the maximum amount that can be sanctioned for non-recurring contingent expenditure in each case?
a) ₹2,000
b) ₹5,000
c) ₹10,000
d) ₹7,500
3.Which of the following items is eligible for purchase up to ₹5,000 as part of non-recurring contingent expenditure?
a) Office furniture
b) Books/maps
c) Staff uniforms
d) Travel expenses
4.What is the maximum amount for the purchase of furniture and fittings for a Divisional Office in a year?
a) ₹50,000
b) ₹75,000
c) ₹30,000
d) ₹15,000
5.What is the total annual ceiling for the purchase of furniture and fittings across a Division as a whole?
a) ₹50,000
b) ₹1 Lakh
c) ₹2 Lakh
d) ₹5 Lakh
6.According to the financial powers delegated to the Head of the Postal Division, what is the limit for renting a building for office use in a B1 city per month?
a) ₹5,000
b) ₹4,000
c) ₹3,000
d) ₹2,500
7.What is the maximum limit for renting a building for office use in cities categorized as A1 & A city per month?
a) ₹6,000
b) ₹5,000
c) ₹4,000
d) ₹3,000
8.What is the sanctioning authority for the Boat allowance to Postmen, village postmen, and similar officials?
a) Ministry of Finance
b) The Head of Postal Division
c) Director-General of Posts
d) Ministry of Communications
9.Under Schedule-III, what should be the ceiling for the purchase of office equipment and consumables related to computers and other equipment?
a) ₹10,000
b) ₹5,000
c) ₹2,000
d) ₹7,500
10.For which of the following can full powers be sanctioned under contingent expenditure?
a) Purchase of new office building
b) Renting of office buildings
c) Fixed stationary charges
d) Purchase of land
