Public Financial Management & General Financial Rules (GFR)

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📘 Comprehensive Syllabus & Examination Guide

Public Financial Management & General Financial Rules (GFR)

Official curriculum roadmap, subject/topic distribution, negative marking rules, pacing guidelines, and solved sample questions.

🎯 Mapped Subjects & Topic Question Distribution

Total Question Pool 100%
63 MCQs
Combined Active Syllabus
Public Financial Management & General Financial Rules (GFR)
63 MCQs
Topic Pool
📊 Question Pool Structure
63 MCQs across fundamental, intermediate, and advanced concept tiers.
⚡ Recommended Pacing
45 to 60 seconds per MCQ. Flag complex problems and preserve 10 minutes for final revision.
⚖️ Scoring & Negative Marking
+1 mark per correct answer. In competitive tests with negative marking, -0.25 applies for incorrect guesses.

💡 Strategic Preparation & Exam Hall Guidelines

To maximize your score on Public Financial Management & General Financial Rules (GFR), candidates are advised to follow a structured three-pass approach. In the First Pass, solve all direct recall and formula-based questions within 30 seconds each to secure foundational marks. In the Second Pass, tackle multi-step analytical and quantitative reasoning problems. In the Third Pass, review marked questions and verify calculations.

Practice with the interactive player below to evaluate your speed and accuracy under real exam pressure. Every question features full mathematical formulas, step-by-step worked solutions, and conceptual explanations vetted by Apex Rankers Academy subject matter specialists.

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Solved Blueprint Examples

📝 Pre-Rendered Solved Sample Questions & Detailed Solutions

Showing 10 solved representative questions

Review the solved problems below to understand question phrasing, answer choices, and step-by-step solution logic prior to starting the full interactive practice drill:

Sample Question 1
Public Financial Management & General Financial Rules (GFR) easy • Public Administration
What are the 'General Financial Rules' (GFR) of the Federal Government of Pakistan?
A An insurance policy covering government buildings against fire
B A list of income tax rates published for individual citizens
C The statutory codification of rules, orders, and executive instructions governing the financial transactions, budget management, public expenditure, procurement, and accounting procedures of all Federal Ministries and Departments
D A private banking agreement signed with commercial banks
✓ Correct Answer: C - The statutory codification of rules, orders, and executive instructions governing the financial transactions, budget management, public expenditure, procurement, and accounting procedures of all Federal Ministries and Departments
📖 Step-by-Step Solution & Conceptual Rationale:
GFR Volumes I and II form the fundamental financial operating manual regulating all financial commitments, custody of public funds, contracts, and stores in the Federal Government.
Sample Question 2
Public Financial Management & General Financial Rules (GFR) easy • Public Administration
What is the foremost 'Principle of Financial Propriety' laid down in Rule 10 of the General Financial Rules (GFR)?
A Every public officer is expected to exercise the same vigilance in respect of expenditure incurred from public moneys as a person of ordinary prudence would exercise in respect of expenditure of his own money
B Award contracts to personal friends and business associates
C Spend the entire allocated budget as quickly as possible without receipts
D Ignore financial rules during the month of June each year
✓ Correct Answer: A - Every public officer is expected to exercise the same vigilance in respect of expenditure incurred from public moneys as a person of ordinary prudence would exercise in respect of expenditure of his own money
📖 Step-by-Step Solution & Conceptual Rationale:
Rule 10(1) of GFR establishes the universal fiduciary standard of prudence that every public servant must uphold when committing or disbursing state treasury funds.
Sample Question 3
Public Financial Management & General Financial Rules (GFR) easy • Public Administration
According to the Principles of Financial Propriety (GFR Rule 10), when may a public officer exercise powers of sanctioning expenditure that directly or indirectly benefits themselves?
A During national public holidays only
B If approved orally by a subordinate colleague
C Whenever the officer needs extra personal cash for travel
D Under NO circumstances whatsoever (no authority may pass an order that will be directly or indirectly to its own advantage)
✓ Correct Answer: D - Under NO circumstances whatsoever (no authority may pass an order that will be directly or indirectly to its own advantage)
📖 Step-by-Step Solution & Conceptual Rationale:
GFR Rule 10(3) strictly prohibits any public authority from sanctioning expenditure, allowances, or contracts that confer direct or indirect personal financial benefits onto itself.
Sample Question 4
Public Financial Management & General Financial Rules (GFR) medium • Public Administration
Under GFR Rule 10, what is the rule regarding the sanctioning of allowances (e.g., traveling or conveyance allowance)?
A The amount of allowances granted to an officer must be so regulated that the allowance is NOT on the whole a source of profit to the recipient
B Allowances should be maximized to double the officer's monthly salary
C Allowances can be claimed without performing any official travel
D Allowances must be paid exclusively in foreign currency
✓ Correct Answer: A - The amount of allowances granted to an officer must be so regulated that the allowance is NOT on the whole a source of profit to the recipient
📖 Step-by-Step Solution & Conceptual Rationale:
Allowances are strictly compensatory in nature (reimbursing actual legitimate out-of-pocket expenses incurred in public service) and must never become an avenue for personal enrichment.
Sample Question 5
Public Financial Management & General Financial Rules (GFR) easy • Public Administration
Who is designated as the 'Principal Accounting Officer' (PAO) for a Federal Ministry or Division under the Public Financial Management (PFM) Act, 2019?
A The Governor of the State Bank of Pakistan
B The Auditor General of Pakistan
C The Chief Justice of Pakistan
D The Secretary of the Ministry/Division
✓ Correct Answer: D - The Secretary of the Ministry/Division
📖 Step-by-Step Solution & Conceptual Rationale:
The Secretary of the Ministry/Division is the Principal Accounting Officer (PAO), personally accountable to the Public Accounts Committee (PAC) for financial propriety, budget execution, and internal controls.
Sample Question 6
Public Financial Management & General Financial Rules (GFR) medium • Public Administration
What are the core statutory responsibilities of the Principal Accounting Officer (PAO) under the PFM Act 2019?
A Ensuring that public funds allocated to the Ministry are spent strictly in accordance with approved budget, maintaining sound internal controls, preventing irregular expenditure, managing assets, and answering audit observations before the PAC
B Commanding federal law enforcement operations in districts
C Managing private commercial bank accounts for personal investments
D Drafting criminal penal codes for the Supreme Court
✓ Correct Answer: A - Ensuring that public funds allocated to the Ministry are spent strictly in accordance with approved budget, maintaining sound internal controls, preventing irregular expenditure, managing assets, and answering audit observations before the PAC
📖 Step-by-Step Solution & Conceptual Rationale:
The PAO holds ultimate fiduciary accountability for the regularity, legality, and propriety of all financial transactions within the ministry's administrative portfolio.
Sample Question 7
Public Financial Management & General Financial Rules (GFR) easy • Public Administration
Who is a 'Drawing and Disbursing Officer' (DDO) in government financial administration?
A A private contractor who receives payment checks
B An architect who draws project blueprints
C An external consultant who audits company tax returns
D A gazetted public officer formally authorized and designated by the PAO/Head of Department to draw funds from the Public Treasury and make authorized disbursements on behalf of the government
✓ Correct Answer: D - A gazetted public officer formally authorized and designated by the PAO/Head of Department to draw funds from the Public Treasury and make authorized disbursements on behalf of the government
📖 Step-by-Step Solution & Conceptual Rationale:
DDOs hold specific financial powers to sign bills, issue checks, draw cash, maintain bill registers, and ensure all payments have valid sanction and supporting vouchers.
Sample Question 8
Public Financial Management & General Financial Rules (GFR) medium • Public Administration
What is the 'Public Financial Management (PFM) Act, 2019' designed to achieve in Pakistan?
A To establish a modern, transparent, and disciplined public financial management system, institute a Single Treasury Account (TSA), regulate budget execution, strengthen internal controls, and enforce financial accountability
B To privatize all federal government hospitals and schools
C To eliminate all pensions for retired civil servants
D To abolish the Federal Board of Revenue
✓ Correct Answer: A - To establish a modern, transparent, and disciplined public financial management system, institute a Single Treasury Account (TSA), regulate budget execution, strengthen internal controls, and enforce financial accountability
📖 Step-by-Step Solution & Conceptual Rationale:
Enacted in 2019, the PFM Act modernized Pakistan's public finance architecture, standardizing budget formulation, cash management, and fiscal risk disclosure.
Sample Question 9
Public Financial Management & General Financial Rules (GFR) medium • Public Administration
What is a 'Treasury Single Account' (TSA) mandated by the PFM Act 2019?
A A single bank account owned by the Prime Minister
B A consolidated bank account (or linked structure of accounts) maintained at the State Bank of Pakistan through which the government transacts all its receipts and payments, eliminating commercial bank idle cash balances
C A credit card issued to all government officers
D A savings account used for employee holiday loans
✓ Correct Answer: B - A consolidated bank account (or linked structure of accounts) maintained at the State Bank of Pakistan through which the government transacts all its receipts and payments, eliminating commercial bank idle cash balances
📖 Step-by-Step Solution & Conceptual Rationale:
TSA provides complete centralized visibility of sovereign cash balances at the State Bank of Pakistan, preventing ministries from parking billions of unspent public rupees in private commercial banks.
Sample Question 10
Public Financial Management & General Financial Rules (GFR) medium • Public Administration
What is the role of the 'Chief Finance and Accounts Officer' (CFAO) established in each Federal Ministry under the PFM reforms?
A To serve as the private secretary to the Federal Minister
B To provide specialized, independent financial advice to the Principal Accounting Officer (PAO), supervise budget preparation, monitor expenditure, oversee internal audit, and ensure compliance with GFR and PFM rules
C To conduct physical construction work on highway projects
D To manage media public relations and press briefings
✓ Correct Answer: B - To provide specialized, independent financial advice to the Principal Accounting Officer (PAO), supervise budget preparation, monitor expenditure, oversee internal audit, and ensure compliance with GFR and PFM rules
📖 Step-by-Step Solution & Conceptual Rationale:
CFAOs replaced the former external Financial Advisor scheme, institutionalizing dedicated professional financial and accounting advice directly within each ministry.
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