About this quiz
Chart of Accounts, TSA, RMIS, CGAS, SuTRA and Deposit (धरौटी) Accounting in Nepal
This Lok Sewa practice set has 50 multiple-choice questions (Subject: Office Management · For: Kharidar · Level: Medium). Take the quiz above first; after that, use the study list below to revise every question with its correct answer and a short explanation.
Study list: all 50 questions with answers and explanations
Government accounting in Nepal is managed by the:
- A) FCGO ✔
- B) NRB
- C) PSC
- D) CIAA
Why: The Financial Comptroller General Office (FCGO) manages government accounting, budget release and treasury.
The current Chart of Accounts is from:
- A) 2063
- B) 2074 ✔
- C) 2081
- D) 2052
Why: The current Chart of Accounts (आर्थिक संकेत तथा वर्गीकरण) is from 2074 BS.
The Chart of Accounts is based on the IMF's:
- A) GFS Manual 2014 ✔
- B) SDG framework
- C) Basel norms
- D) WTO rules
Why: It is based on the IMF's Government Finance Statistics (GFS) Manual 2014, so Nepal's accounts match international standards.
In economic codes, the first digit 1 stands for:
- A) Expenditure
- B) Revenue ✔
- C) Assets
- D) Liabilities
Why: Codes starting with 1 are revenue, such as taxes and fees.
The economic code for salary is:
- A) 11111
- B) 21111 ✔
- C) 31111
- D) 22411
Why: 21111 is the economic code for salary under the expenditure (2) group.
TSA stands for:
- A) Treasury Single Account ✔
- B) Tax Service Agency
- C) Total Savings Account
- D) Treasury Security Act
Why: TSA is Treasury Single Account: all government money is kept and paid from one treasury account system.
Under TSA, payments are made:
- A) In cash by offices
- B) Directly from the treasury to the payee's account ✔
- C) By cheque from many office accounts
- D) Through post
Why: Under TSA, payments go directly from the treasury to the payee's bank account; offices do not hold cash.
RMIS is used mainly for:
- A) Revenue accounting ✔
- B) Recruitment
- C) Elections
- D) Land records
Why: RMIS (Revenue Management Information System) is used for revenue accounting, especially non-tax revenue collected by offices.
CGAS supports payments through:
- A) EFT ✔
- B) Cash only
- C) Barter
- D) Postal orders
Why: CGAS (Computerised Government Accounting System) supports electronic fund transfer (EFT) payments.
SuTRA is used by:
- A) Local levels ✔
- B) Supreme Court
- C) Army
- D) Embassies only
Why: SuTRA is used by local levels for budgeting, accounting and reporting.
SuTRA stands for:
- A) Sub-national Treasury Regulatory Application ✔
- B) Sustainable Treasury Accounting
- C) Sub-unit Tax Return Application
- D) Survey of Treasury Accounts
Why: SuTRA is the Sub-national Treasury Regulatory Application.
Dharauti (धरौटी) is:
- A) Government revenue
- B) Security deposit held until a job is done ✔
- C) Salary
- D) Tax
Why: Dharauti is a security deposit held by an office until a job or contract is completed properly.
Bid security (earnest money) is an example of:
- A) Dharauti ✔
- B) Beruju
- C) Revenue
- D) Advance
Why: Bid security from bidders is held as dharauti and returned or forfeited later.
District-level government accounts are handled by:
- A) कोष तथा लेखा नियन्त्रक कार्यालय ✔
- B) Ward office
- C) District court
- D) Election office
Why: The Treasury and Accounts Controller Office (कोष तथा लेखा नियन्त्रक कार्यालय) handles government accounts in each district.
TSA was first introduced (piloted) in:
- A) 2056
- B) 2066 ✔
- C) 2076
- D) 2081
Why: TSA was first piloted in 2066 BS and later extended to all districts.
In Nepali, FCGO is:
- A) महालेखा नियन्त्रक कार्यालय ✔
- B) महालेखा परीक्षकको कार्यालय
- C) राष्ट्रिय योजना आयोग
- D) लोक सेवा आयोग
Why: FCGO is महालेखा नियन्त्रक कार्यालय.
FCGO works under the:
- A) Ministry of Finance ✔
- B) Ministry of Home Affairs
- C) Ministry of Education
- D) Ministry of Tourism
Why: FCGO works under the Ministry of Finance.
In Nepali, Treasury and Accounts Controller Office is:
- A) कोष तथा लेखा नियन्त्रक कार्यालय ✔
- B) जिल्ला प्रशासन कार्यालय
- C) मालपोत कार्यालय
- D) भन्सार कार्यालय
Why: It is कोष तथा लेखा नियन्त्रक कार्यालय.
In Nepali, Chart of Accounts is called:
- A) खाता सूची / आर्थिक संकेत ✔
- B) बजेट वक्तव्य
- C) बेरुजु लगत
- D) धरौटी खाता
Why: The Chart of Accounts is called खाता सूची or आर्थिक संकेत.
The Chart of Accounts applies to:
- A) All three levels of government ✔
- B) Federal only
- C) Banks only
- D) Private companies only
Why: The Chart of Accounts applies to all three levels: federal, provincial and local.
The purpose of the Chart of Accounts is to:
- A) Record all accounts the same way using codes ✔
- B) Hide spending
- C) Recruit staff
- D) Collect customs
Why: It makes all governments record accounts in the same way using common codes, so they can be compared and combined.
In economic codes, first digit 2 stands for:
- A) Expenditure ✔
- B) Revenue
- C) Assets
- D) Salary only
Why: Codes starting with 2 are expenditure, such as salaries and office costs.
In economic codes, first digit 3 stands for:
- A) Assets, liabilities and financing ✔
- B) Revenue
- C) Expenditure
- D) Salary
Why: Codes starting with 3 are assets, liabilities and financing.
Code 31 relates to:
- A) Non-financial assets / capital spending ✔
- B) Salary
- C) Personal income tax
- D) Fines
Why: Code 31 relates to non-financial assets, i.e. capital spending such as buildings and roads.
Economic codes are mainly how many digits?
- A) 5 ✔
- B) 2
- C) 8
- D) 10
Why: Economic codes are mainly 5 digits, like 21111.
The code 11111 refers to:
- A) Personal income tax ✔
- B) Salary
- C) Capital spending
- D) Deposit
Why: 11111 is personal income tax, under the revenue (1) group.
In Nepali, TSA is:
- A) एकल खाता कोष प्रणाली ✔
- B) बहु खाता प्रणाली
- C) धरौटी प्रणाली
- D) पेश्की प्रणाली
Why: TSA is एकल खाता कोष प्रणाली.
Under TSA, government offices:
- A) Do not hold cash ✔
- B) Keep large cash
- C) Open many bank accounts
- D) Pay only in cash
Why: Under TSA, offices do not hold cash; payments go from the treasury directly.
Which is a benefit of TSA?
- A) Real-time cash information ✔
- B) More idle balances
- C) More misuse
- D) Slower payments
Why: TSA gives real-time information about government cash.
TSA reduces:
- A) Idle balances and misuse ✔
- B) Transparency
- C) Cash information
- D) Payments
Why: TSA reduces idle balances in many bank accounts and the chance of misuse.
TSA rollout to all districts was completed by about:
- A) 2017 ✔
- B) 1990
- C) 2000
- D) 2030
Why: TSA was extended to all districts by about 2017 (2073/74 BS).
RMIS records revenue, especially:
- A) Non-tax revenue collected by offices ✔
- B) Only salaries
- C) Only foreign loans
- D) Only weather data
Why: RMIS records revenue, especially non-tax revenue collected by government offices.
RMIS reporting is done:
- A) Daily ✔
- B) Once in 10 years
- C) Never
- D) Only during elections
Why: Revenue in RMIS is reported daily.
EFT stands for:
- A) Electronic Fund Transfer ✔
- B) Equal Fiscal Tax
- C) Extra Financial Time
- D) External Finance Treaty
Why: EFT is Electronic Fund Transfer.
CGAS replaced:
- A) Separate older software ✔
- B) The Constitution
- C) Banks
- D) The PSC
Why: CGAS replaced separate older accounting software with one integrated system.
Which system do federal offices use for expenditure accounting?
- A) CGAS ✔
- B) SuTRA
- C) ASYCUDA
- D) PIS
Why: Federal offices use CGAS for expenditure accounting.
Budget preparation at local level is done through:
- A) SuTRA ✔
- B) ASYCUDA
- C) PIS
- D) e-GP
Why: Local levels prepare their budgets through SuTRA.
How many local levels use SuTRA?
- A) All 753 ✔
- B) Only 77
- C) Only 7
- D) Only 100
Why: All 753 local levels use SuTRA.
Retention money from contractors is an example of:
- A) Dharauti (deposit) ✔
- B) Revenue
- C) Grant
- D) Salary
Why: Retention money held from contractors' bills is dharauti (deposit).
Is dharauti government revenue?
- A) No, it is held money ✔
- B) Yes, always
- C) Only in Asar
- D) Only for banks
Why: No. Dharauti is money held temporarily; it becomes revenue only if forfeited.
Dharauti is forfeited to revenue when:
- A) Conditions are broken ✔
- B) Work is completed properly
- C) The contractor asks
- D) The weather changes
Why: Dharauti is forfeited when the depositor breaks the conditions, such as not completing the contract.
Deposit accounts use which series of forms?
- A) 600-series ✔
- B) 100-series
- C) 900-series
- D) No forms
Why: Deposit (dharauti) accounts use the 600-series forms.
The Chart of Accounts code system helps to:
- A) Consolidate national accounts ✔
- B) Confuse auditors
- C) Avoid reports
- D) Stop budgets
Why: Common codes make it possible to consolidate (combine) national accounts across all governments.
Which office runs the government accounting system in districts?
- A) Treasury and Accounts Controller Office ✔
- B) Land Revenue Office
- C) Survey Office
- D) Post Office
Why: The Treasury and Accounts Controller Office runs it in each district.
Which system is NOT run by FCGO?
- A) ASYCUDA (customs) ✔
- B) CGAS
- C) RMIS
- D) SuTRA
Why: ASYCUDA is the customs system run by the Department of Customs, not FCGO.
Payments under TSA go directly to:
- A) The payee's bank account ✔
- B) The office cashier's pocket
- C) A cash box
- D) A private account of the chief
Why: Payments go directly to the payee's bank account.
GFS stands for:
- A) Government Finance Statistics ✔
- B) General Fund System
- C) Grant for Society
- D) Global Finance Standard
Why: GFS is Government Finance Statistics, the IMF's standard for government accounts.
The 2074 Chart of Accounts has been:
- A) Amended since ✔
- B) Never changed
- C) Repealed
- D) Replaced by 2028 code
Why: The 2074 Chart of Accounts has been amended since to add and update codes.
Better cash management under TSA means:
- A) Government knows and uses its cash efficiently ✔
- B) More borrowing for no reason
- C) Losing track of money
- D) Paying late
Why: The government knows its cash position and uses its money efficiently.
Non-tax revenue includes:
- A) Fees and fines collected by offices ✔
- B) VAT
- C) Income tax
- D) Customs duty
Why: Non-tax revenue includes fees, charges, fines and penalties collected by offices.