Public Financial Management System (PFMS)
JKSSB Finance Accounts Assistant · Accountancy & Book-Keeping · 20 practice questions with answers and explanations: 5 Easy, 8 Medium, 7 Hard.
Sample questions
Sample Easy question 1
PFMS stands for:
- Public Fund Monitoring Scheme
- Public Financial Management System
- Provident Fund Management Software
- Panchayat Finance Management System
Show answer
Answer: B. PFMS is the Public Financial Management System, a web-based platform for tracking government fund flow.
Sample Medium question 2
PFMS primarily helps in tracking funds released under which type of schemes?
- Centrally Sponsored Schemes and Central Sector Schemes
- Only private company budgets
- Only state lottery funds
- Only foreign aid
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Answer: A. PFMS is used extensively to monitor fund releases for centrally sponsored and central sector government schemes.
Sample Hard question 3
What does PFMS enable regarding Direct Benefit Transfer (DBT)?
- Electronic transfer of subsidies and benefits directly to beneficiaries' bank accounts
- Cash-only disbursement
- Only paper-based transfers
- Transfers only to government employees
Show answer
Answer: A. PFMS underpins DBT by enabling electronic transfer of subsidies directly into beneficiary bank accounts.
More Accountancy & Book-Keeping topics for JKSSB Finance Accounts Assistant
- Bank Reconciliation
- Banking Awareness
- Basic Accounting Concepts
- Cost Accounting & Budgetary Control
- Depreciation
- Financial Statements
- Government Accounting & Budgeting
- GST & Taxation Basics
- Journal & Ledger
- Partnership Accounts
- Public Finance
- Social Accounting & Audit
- Trial Balance & Rectification