Repeated MCQs of Finance

By: Prof. Dr. Fazal Rehman | Last updated: May 29, 2025

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1. : The Public Procurement Regulatory Authority (PPRA) was constituted under the:



2. : Means a tender or an offer in response to an invitation expressing willingness to undertake a specified project task at a price:



3. : Person who submits a bid is termed as:



4. : Supplier and contractor are similar terms under the PPRA Rules, 2004:



5. : Misrepresentation of facts in order to influence a procurement process is called:



6. : Means a person, firm, consultant, or company who undertakes to supply goods, services or works:



7. : Natural calamities, disasters, war, and operational emergencies that require prompt action are termed as:



8. : A bid which most closely conforms to the evaluation criteria and has the lowest evaluated cost is called:



9. : Procurement of the same commodity from the same source without competition is called:



10. : Return for each rupee spent in terms of quality, timeliness, and after-sale services is known as:



11. : Procurement rules apply to all procurements made by procuring agencies of the Federal Government:



12. : Principle of procurement under the PPRA Rules, 2004 includes:



13. : If PPRA Rules conflict with an international treaty, which prevails?



14. : Communication and documentation related to procurements of the Federal Government shall be in:



15. : In a foreign country, the procuring agency:


16. : Can a procuring agency split or regroup its proposed procurements under the PPRA Rules?


17. : Specifications for procurement should be generic and should not include reference of:



18. : Specification rule does not apply to:



19. : Information regarding procurements over Rs. 2,000,000 may be obtained from:



20. : Procurements shall be advertised on the authority website when:



21. : Procurements must be advertised on both the authority website and in print media if:



22. : Procurements over two million rupees shall be advertised in:



23. : Language of procurement advertisement over Rs. 2,000,000 in newspapers should be:



24. : In national competitive bidding, the minimum response time should be:



25. : In international competitive bidding, the minimum response time should be:



26. : No time limit is applicable on procurement under PPRA Rules, 2004:



27. : Two stage two envelope bidding method is preferred where:



28. : Main open competitive bidding procedure in Federal Government purchases is:



29. : Petty purchases method is used when procurement cost:



30. : Quotation method is used when procurement cost:



31. Negotiating tender of procurement is used in case of:



32. Which method of procurement is exempt from requirements of bidding and quotations?



33. In case of emergency, which procurement method is adopted?



34. In case of quotations method, minimum quotations required are:



35. In quotations method, the object of procurement should be purchased from the supplier:



36. How much period information about the procurement should be available on the website?



37. How much response time should be in case of international competitive bidding?



38. From which date response time should be calculated:



39. Since when response time shall be calculated in case of advertisement in both electronic and print media:



40. Procurement rules 42(b) does not apply on procurements of:



41. Supplier/contractor shall be disqualified by the procurement agency who:



42. Supplier or contractor shall be blacklisted if he:



43. Which of the following is called principal method of procurement under the PPRA Rules, 2004?



44. Which principal method is called principal method of procurement?



45. Procurement agency should engage itself in open competitive bidding:



46. Fixed amount of bid security shall not exceed:



47. Opening date and submission date of bids shall be the:



48. Bid shall be opened after submission:



49. Submitted bids shall be opened in the presence of:



50. Which rate of exchange shall be followed during evaluation of bid?



51. After opening of bid which type of clarification shall be obtained from Bidder?



52. Request for clarification of bids shall be:



53. If the procuring agency has rejected all bids, it may call for re-bidding:


54. Time period for announcement of bid evaluation report shall be:



55. Bidding method in which financial proposal and technical proposal are separately packed in single envelope is called:



56. The bidding method where financial and technical proposals are in separate envelopes inside one package is called:



57. Who shall be the successful bidder?



58. Amount of performance guarantee shall not exceed of the contract price:



59. Procuring agency keeps information confidential until:



60. Method that is adopted for procurement having worth below Rs.25,000:



 

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