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First Efficiency Bar Examination for Officers in Sri Lanka E1
‘SRI LANKA INSTITUTE OF DEVELOPMENT ADMINISTRATION
Sri Lanka Architects’ Servic
1010 — (March/April)
(12) Financial Systems
Answer five (05) questions only. All questions carry equal marks.
gineering Service, Sri Lanka Scientific Service,
1 Briefly explain the process of obtaining parliamentary approval for Budget Estimates? (00 marks)
State five instances where Virement Procedure cannot be applied. (05 marks)
What is the procedure to be followed in terms of FR 69 when a programme exceeds its provision without
prior authority obtained before the 31” December of the relevant financial year? (05 marks)
2. (What are the main stages in Project Planning ? (05 marks)
(i) Briefly explain each step of the “Two Stage Approval Procedure” in the process of project planning.
(15 marks)
3. (Explain the role of the Treasury in releasing funds for budgeted activities? (10 marks)
(i) How does a Special Warrant differ from a General Warrant (05 marks)
(Gli) What is meant by “Imprest Authority”, How does it differ from a “Warrant”? (05 marks)
4 (Explain the delegation of authority in terms of FR 135, (20 marks)
(i) Explain the difference between “Authorization and Approval” (05 marts)
Gli) What are the factors to be considered by the second signatory in signing a cheque? (05 marks)
5. (i) Define “losses” in terms of FR 1027 (05 marks)
(i) What are the losses that do not fall under FR 102? (05 marks)
iii) Describe the actions to be taken in terms of FR 103, by you as the officer in-charge, when a physical loss of
government property or damage to such property is reported. (10 marks)
6 (Explain various types of foreign aid in terms of Financial Regulations (08 marks)
(i) Briefly explain the procedures that should be followed in making provisions for foreign aid
in the Government Budget? (72 marks)
1. (What are the main objectives of public procurement process? (05 marks)
Gi) Briefly explain the process that should be followed in public procurements? (10 marks)
ii) List different types of procurement methods, (05 marks)
8. Write short notes on any four (04) ofthe following,
1 Pre qualification
I Technical Evaluation Committee
ML Board of Survey
IV Vote on Account
V_ Committee on Public Accounts
VI Chief Accounting Officer
(05 marks for eacls)