Repeated MCQs of Finance – T4Tutorials.com

1. The Public Procurement Regulatory Authority (PPRA) was constituted under the:
((a) The Public Procurement Regulatory Authority Ordinance, 2001
(b) The Public Procurement Regulatory Authority Ordinance, 2002
(c) The Public Procurement Regulatory Authority Ordinance, 2004
(d) The Public Procurement Regulatory Authority Ordinance, 2008
The Public Procurement Regulatory Authority Ordinance, 2002
2. means a tender, or an offer, in response to an invitation, by it person, consultant, firm, company or an organization expressing his willingness to undertake a specified project task at a price:
(a) Bid
(b) Invitation to bid
(c) Contract
(d) Invitation to offer
Bid
3. Person who submits a bid is termed as
(a) Agent
(b) Bidder
(c) Contractor
(d) Supplier
Bidder
4. Supplier and contractor are similar terms under the PPRA Rules, 2004:
(a) Yes
(b) No
(c) agreement enforceable by law is a contract:
(d) Yes
(b) No
Yes
5. Misrepresentation of facts in order to influence a procurement process:
(a) Corrupt and fraudulent practices
(b) Fraud
(c) Undue influence
(d) Bad practices
Corrupt and fraudulent practices
6.means a person, firm, consultant, firm or company or an organization who undertakes to supply goods; services or works:
(a) Contractor
(b) Supplier
(c) Bidder
(d) None of these
Contractor
8. Natural calamities, disaster, accidents, war and operational emergency which creates abnormal situation that require prompt and immediate action to avoid from damage is called:
(a) Emergency
(b) Threat
(c) Disturbance
(d) None of above
Emergency
9. A bid which is most closely conforming the evaluation criteria and other specified conditions in bidding documents and have the lowest evaluated cost called:
(a) Lowest evaluated bid
(b) Highest evaluated bid
(c) Bid
(d) None of above
Lowest evaluated bid
10. Procurement of the same commodity from the same source competition is called: without
(a) Repeat orders
(b) Same order
(c) Lowest bid
(d) None of above
Repeat orders
11. Return for each rupee spent In terms of quality, timeliness, reliability, after sale services:
(a) Value for money
(b) Money
(c) Return on investment
(d) Profit
Value for money
12. Procurement rules apply to all procurements made by procuring agencies of the Federal Government:
(a) Within Pakistan
(b) Outside Pakistan
(c) Within or outside Pakistan
(d) None of above
Within or outside Pakistan
13. Principle of procurement under the PPRA Rules, 2004:
(a) Procurements should be conducted in a fair and transparent manner
(b) The object of procurement should bring value for money
(c) The procurement process should be efficient and economical
(d) All of above
All of above
14. Whenever the PPRA Rules are in conflict with an obligation of the Federal Government arising out of international treaty:
(a) The provisions the PPRA rules should be followed
(b) The provisions of international treaty should be followed
(c) The provisions of PPRA rules shall override the international treaty
(d) The discretion of the Public Procurement Regulatory Authority should be used
The provisions of international treaty should be followed
15. Communication and documentation related to procurements of the Federal Government shall be in:
(a) Urdu language
(b) English language
(c) Urdu or English or both
(d) Local language
Urdu or English or both
16. In foreign country, the procuring agency in the procurement process:
(a) may use local language
(b) may not use local language in any case
may use local language
17. Procuring agency may split or regroup its proposed procurements under the PPRA Rules:
(a) Yes
(b) No
No
18. Specification for procurement should be generic and should not include reference of:
(a) Brand names
(b) Model numbers
(c) Catalogue numbers
(d) All of above
All of above
19. Which of the following is more appropriate statement specification rule for procurement does not apply on:
(a) Public sector concerns on the demand of its customers
(b) Public sector commercial concerns on the demand of its private customers
(c) Public sector commercial concerns based on their own discretions
(d) Public sector institutions on the demand of their suppliers
Public sector commercial concerns on the demand of its private customers
20. Information regarding procurements over Rs. 2000,000 may be obtained from:
(a) Authority’s Website
(b) Procurement Agency Website (if any)
(c) Print media
(d) All of above
All of above
21. Procurements shall be advertised on the authority website:
(a) Value of Rs. 100,000 to Rs.
(b) Value over Rs. 100,000 to Rs.
(c) Value over Rs.2000,000
(d) Value below Rs. 100,000
Value over Rs. 100,000 to Rs.
22. Procurements shall be advertised on the authority website as well as on print media:
(a) Value of Rs.100,000 to Rs.
(b) Value over Rs.100,000 to Rs.
(c) Value over Rs.2000.000
(d) Value below Rs. 100,000
Value over Rs.2000.000
23. All procurements over two million rupees:
(a) Shall be advertised Authority’s Website on
(b) Shall be advertised on Authority’s Website as well as In print media
(c) May be advertised on Authority’s Website as well as in print media
(d) Shall be advertised in print media
Shall be advertised on Authority’s Website as well as In print media
24. Procurements over two million rupees shall be advertised in:
(a) At least one national daily having wide circulation
(b) At least two national dailies having wide circulation
(c) At least three national dailies having wide circulation
(d) At least four national dailies having wide circulation
At least two national dailies having wide circulation
25. Language of advertisement of procurement over two million rupees in newspapers (print media):
(a) All advertisements shall be in English language
(b) All advertisements shall be in Urdu language
(c) At least one should be in Urdu and one in English
(d) At least one local language should be used alongwith Urdu and English
At least one should be in Urdu and one in English
26. In case of national competitive bidding, minimum response time should be:
(a) 15 days
(b) 20 days
(c) 30 days
(d) 45 days
15 days
27. In case of international competitive bidding, minimum response time should be:
(a) 15 days
(b) 20 days
(c) 30 days
(d) 45 days
30 days
28. No time limit shall be applicable on procurement under the PPRA Rules. 2004:
(a) In case of international competitive bidding
(b) In case of emergency
(c) In case of national competitive bidding
(d) None of above
In case of emergency
29. In Public Procurements, two stage two envelope bidding method is preferred where:
(a) Alternative technical proposals are possible
(b) Technically unequal proposals are likely to be encountered
(c) Where the bids are to be
evaluated
on-technical
financial grounds
(d) In all cases
Alternative technical proposals are possible
30. Which of the following is considered as main open competitive bidding procedure in the Federal Government purchases?
(a) Single stage-one envelope procedure
(b) Single stage-two envelopes procedure
(c) Two stage bidding procedure
(d) Two stage-two envelopes procedure
Single stage-one envelope procedure
31. In Public Procurements, two stage two envelope bidding method is preferred where:
(a) Alternative technical proposals are possible
(b) Technically unequal proposals are likely to be encountered (c) Where the bids are to be evaluated on technical and
financial grounds
(d) In all cases
Alternative technical proposals are possible
32. Which of the following is considered as main open competitive bidding procedure In the Federal Government purchases?
and
(a) Single stage-one envelope procedure
(h) Single stage-two envelopes procedure
(c) Two stage bidding procedure
(d) Two stage two envelopes procedure
Single stage-one envelope procedure
33. Petty purchases method is used where the cost of object of procurement:
(a) is below the prescribed limit of Rs. 25,000
(b) Exceeds the prescribed limit of Rs. 25000
(c) is below the prescribed limit of Rs. 100,000
(d) Exceeds the prescribed limut of Rs. 100,000
is below the prescribed limit of Rs. 25,000
34. Quotation method of purchases is used where the cost of object of procurement:
(a) is below the prescribed limit of Rs. 25,000
(b) Exceeds the prescribed limit of Rs. 25000
(c) is below the prescribed limit of Rs. 100,000
(d) Exceeds the prescribed limit of Rs. 100,000
is below the prescribed limit of Rs. 100,000
35. Which of the following methods is categorized as alternative method of purchase?
(a) Petty purchases
(b) Request for quotations
(c) Direct contracting
(d) Negotiating tenders
(e) All of these
All of these
36. Negotiating tender of procurement is used in case of
(a) Intellectual property
(b) Procurement below Rs.25,000
(c) Procurement below Rs.100,000
(d) Repeat orders
Intellectual property
37. Which method of procurement is exempt from requirements of bidding and quotations?
(a) Petty purchases
(b) Quotations method
(c) (a) and (b)
(b) Open competitive bidding
Petty purchases
38. In case of emergency, which procurement method is adopted?
(a) Petty purchases method
(b) Quotations method
(c) Negotiating tendering
(d) Direct contracting
Direct contracting
39. In case of quotations method. minimum, quotations are required
(a) Two
(b) Three
(c) Four
(b) Five
Three
40. In quotations method, the object of procurement should be purchased from the supplier:
(a) Offering the highest price
(b) Offering the lowest price
(c) Offering the standard price
(d) Offering the competitive price
Offering the lowest price
41. How much period information about the procurement should be available on the website?
(a) Only one week
(b) Until closing submission of bids date for
(c) Fifteen days after date of advertisement
(d) One month after date of advertisement
Until closing submission of bids date for
42. How much response time should be in case of international competitive bidding?
(a) At least 15 days
(b) Maximum 15 days
(c) At least 30 days
(d) Maximum 30 days
Maximum 15 days
43. From which date response time should be calculated:
(a) Date of submission of information by the supplier
(b) Date of inquiry of bid
(c) Date of first publication of the advertisement
(d) All of above
Date of first publication of the advertisement
44. Since when response time shall be calculated in case of advertisement in both electronic and print media:
(a) Date of publication of advertisement in print media / newspaper
(b) Date of publication advertisement media in of electronic
(c) Which of the above is published first
Date of publication of advertisement in print media / newspaper
45. Procurement rules 42(b) does not apply on procurements of:
(a) National security
(b) Intellectual property
(c) (a) & (b)
(d) None of these
(a) & (b)
46. Which of the following factors should be considered before selection of suppliers and contractors?
(a) Capabilities about personnel, equipments and plant
(b) Financial position
(c) Relevant experience and past performance
(d) Managerial capabilities
(e) All of above
All of above
47. Which of the following information should be announced by the procuring agency in the pre-qualification documents?
(a) All information required for pre-qualification
(b) Instruction for preparation and submission of pre-qualification documents
(c) Evaluation criteria
(d) List of documentary evidence required by suppliers contractors or
(e) All of above
All of above
48. Supplier/contractor shall be disqualified by the procurement agency who:
(a) Provide false information
(b) Provide inaccurate material information
(d) Any of above
Any of above
49. Supplier or contractor shall blacklisted
(a) Fails to provide performance satisfactory
(b) Indulges in corruption
(c) Indulges in fraudulent practices
(d) Any of above
Any of above
50. Which of the following is called principal method of procurement under the PPRA Rules, 2004?
(a) Open competitive bidding method
(b) Close competitive bidding method
(c) Open merit base bidding
(d) Direct contracting
Open competitive bidding method
51. Which principal method is called principal method of procurement?
(a) Open competitive bidding
(b) Close competitive bidding
(c) Open merit base bidding
(d) None of above
Open competitive bidding
52. Procurement agency should engage itself in open competitive bidding:
(a) When cost of the object is more than prescribed financial limit in rule-42
(b) When cost of the object is equal to prescribed financial limit in rule-42
(c) When cost of the object is less than prescribed financial limit in rule-42
(d) All of above
When cost of the object is more than prescribed financial limit in rule-42
53. Which of the following is a part of the bidding documents?
(a) Form of bid
(b) Instructions for bidders
(c) Gene al or special conditions of contract
(d) Delivery time and qualification criteria
(e) All of above
All of above
54. Procurement agency has right to select the national or local dealers or contractors under the rules of the Federal Government:
(a) Yes
(b) No
Yes
55. Fixed amount of bid security shall not exceed:
(a) 5% of bid price
(b) 5% of contract price
(c) Price of printing and providing bidding documents
(d) Price of printing and providing prequalification documents
5% of bid price
56. Opening date and submission date of bids shall be the:
(a) Same
(b) 15 days after the date for submission of bids
(c) 30 days after the date for submission of bids
(d) 15 days after the submission of technical bid
Same
57. Bid shall be opened after submission:
(a) At least 30 minutes after the deadline for submission of bids
(b) At least 60 minutes after the deadline for submission of bids
(c) At least 12 hours after the deadline for submission of bids
(d) At least one day after the deadline for submission of bids
At least 30 minutes after the deadline for submission of bids
58. Submitted bids shall be opened in the presence of:
(a) Government agents
(b) Bidders or their representatives
(c) Representatives of PPRA
(d) Bankers of bidder
Bidders or their representatives
59. Which rate of exchange shall follow during evaluation of bid?
(a) Selling rate specified by the State Bank of Pakistan
(b) Purchase rate specified by the State Bank of Pakistan
(c) Purchase rate specified by the Government of Pakistan
(d) Purchase rate specified by the Pakistan Stock Exchange
Selling rate specified by the State Bank of Pakistan
60. After opening of bid which type of clarification shall obtain from Bidder?
(a) Which change the substance of bid
(b) Which clarification does not change the substance of bid
(c) Which affect the substance of bid
(d) All of above
Which clarification does not change the substance of bid
61. Request for clarification of bids shall be:
(a) In writing
(b) Verbal
(c) Both writing and verbal
(d) None of above
In writing
62. If the procuring agency has rejected all bids, it may call for r -bidding:
(a) Yes
(b) No
Yes
63. Time period for announcement of bid evaluation report shall be:
(a) At least 7 days prior to the award of procurement contract
(b) At least 10 days prior to the award of procurement contract
(c) At least 15 days prior to the award of procurement contract
(d) At Least 30 days prior to the award of procurement contract
At least 10 days prior to the award of procurement contract
64. Bidding method in which financial proposal and technical proposal are separately packed in single envelope is called:
(a) Single stage-one bidding method envelope
(b) Single stage-two bidding method envelopes
(c) Two stage-two bidding method envelopes
(d) Two stage-two bidding method envelopes
Single stage-one bidding method envelope
65. The bidding method where financial and technical proposals are in separate envelopes inside one package is called:
(a) Single stage-one bidding method envelope
(b) Single stage-two bidding method envelopes
(c) Two stage-two envelopes bidding method
(d) Two stage-two bidding method envelopes
Single stage-two bidding method envelopes
66. Who shall be the successful bidder?
(a) Who has lowest evaluated bid
(b) Whose bid does not conflict with any other law, rules and regulations?
(c) Whose bid is under the policy of the Federal Government?
(d) All of above.
Who has lowest evaluated bid
67. Amount of performance guarantee shall not exceed of the contract price:
(a) 5%
(b) 10%
(c) 15%
(d) 20%
10%
68. Procuring agency keep information confidential until:
(a) The time of the announcement of the evaluation report
(b) The last date of the submission of bids
(c) The lapse of period of five years
(d) No need to keep it confidential
The time of the announcement of the evaluation report
69. Which of the following are the alternative methods than open competitive bid?
(a) Petty purchases method
(b) Request for quotations method
(c) Direct contracting method
(d) Negotiated tendering method
(e) All of above
All of above
70. Method that is adopted for procurement having worth below Rs.25,000:
(a) Petty purchases
(b) Request for quotations
(c) Direct contracting
(d) Negotiated tendering
Petty purchases
71. Which procurement method shall be exempt from the requirements of bidding or quotation of prices?
(a) Petty purchases method
(b) Request for quotations method
(c) Direct contracting method
(d) Negotiated tendering method
Petty purchases method
72. Conditions for the use of request for quotations’ procurement procedure:
(a) Cost of the project is below Rs.100,000
(b) Minimum of three quotations have been obtained
(c) The object of the procurement has standard specifications
(d) The object of the procurement is purchased, from the supplier offering the lowest price
(e) All of above
All of above
73. Which conditions is required in direct procedure of procurement?
(a) The procurement concerns the acquisition of spare parts from original manufacturer
(b) Repeat orders not exceeding 15% of the original procurement
(c) Only one manufacturer or supplier exists for the required procurement
(c) In case of an emergency
(d) All of above
All of above
74. Negotiated tendering procedure of procurement is used:
(a) Where the supplies involved are manufactured purely for a specific piece of research
(b) For technical or artistic reasons
(c) In case of extreme urgency
(d) All of above
All of above
75. Time period in which payment of suppliers and Contractor shall be made:
(a) Within 10 days
(b) Within 20 days
(c) Within 30 days
(d) Within 60 days
Within 30 days
76. The procurement agency must keep all records and documents for at least:
(a) 5 years
(b) 10 years
(d) 7 years
(c) 15 years
5 years
77. Time period for payment to suppliers and contractors shall not exceed:
(a) 7 days
(b) 15 days
(c) 30 days
(d) 45 days
30 days
78. Performance guarantee demanded from the
(a) Purchaser of bidding documents
(b) Bidder
(c) Successful bidder
(d) In all these cases
Successful bidder
79. Amount of performance guarantee shall not exceed:
(a) 10% of the contract amount
(b) 5% of the bid price
(c) The cost of printing and providing the documents only
(d) None of above
10% of the contract amount
80. Amount of bidding security shall not exceed:
(a) 10% of the contract amount
(b) 5% of the bid price
(c) The cost of printing and providing the documents only
(d) None of above
5% of the bid price
81. Bid security may be demanded from the:
(a) Purchaser of bidding documents
(b) Bidder
(c) Successful bidder
(d) In all these cases
Bidder
82. Request for extension in bid cogency period is made by the:
(a) Bidders
(b) Procuring agency
(c) Bid Bidders or procuring agency
(d) None of them
Procuring agency
83. Extended bid validity period:
(a) Should not exceed the original bid validity period
(b) May exceed the original validity period
(c) In case of national competitive bidders, the period shall not exceed 15 days
(d) In case of international competitive bidders, the period shall not exceed 30 days
Should not exceed the original bid validity period
84. The procuring agency shall keep all information regarding the bid evaluation confidential until the:
(a) Announcement of the evaluation report under Rule-35
(b) Announcement of the evaluation report under Rule-41
(c) Announcement of the evaluation report under Rule-46
Announcement of the evaluation report under Rule-35
(d) Announcement of the evaluation report under Rule-47
85. Bid evaluation report shall be made public:
(a) At least seven days prior to the award of procurement contract
(b) At least ten days prior to the award of procurement contract
(c) At least fifteen days prior to the award of procurement contract
(d) At least thirty days prior to the award of procurement contract
At least ten days prior to the award of procurement contract
86. All procuring agencies must keep records of their procurement proceedings and related documents for a:
(a) Minimum period of three years
(b) Maximum period three years
(c) Minimum period of five years
(d) Maximum period of five years
Maximum period of five years

Repeated MCQs of Finance
By: Prof. Dr. Fazal Rehman Shamil | Last updated: July 28, 2024

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