“200”, Aptitude Test
Questions and Answers for Finance Management Officer II
– The Office of Treasury Registrar (OTR).
ABSTRACT
This set of 200 multiple choice questions
with answers and brief rationales is designed to prepare candidates for the
Finance Management Officer aptitude test at the Office of the Treasury
Registrar (OTR), Tanzania. The questions cover financial analysis, government
loans and guarantees, asset management, dividends, audits, and key accounting
and finance principles aligned with the officer’s duties.
Prepared by:
Finance Management Officer II
Compiled by Johnson Yesaya Mgelwa.
A lawyer stationed in Dar-es-salaam.
0628729934.
Date: September 1, 2025
Dear applicants,
This collection of questions and answers
has been carefully prepared to help all of you to understand the key areas
tested during the interview. The goal is to provide a useful, and practical
study guide so you can all perform confidently and fairly in the selection
process. I wish you the best of luck, and may this resource support you in
achieving success!
Warm regards,
Johnson Yesaya Mgelwa
For Personal Use by Applicants Preparing
for Finance Management Officer II – The Office of Treasury Registrar (OTR) interview.
ALL
QUESTIONS TOGETHER.
1. Which of the following best describes the role of the Office of Treasury Registrar (OTR) regarding dividends from Public Corporations?
A. Ensuring corporations retain dividends for reinvestment • B. Monitoring
timely payment of dividends to Government • C. Approving dividend policies of
corporations • D. Determining dividend amounts payable to shareholders
Answer: B. Monitoring timely
payment of dividends to Government
Rationale: The OTR ensures that public and statutory
corporations remit dividends to the Government on time, safeguarding public
revenue interests rather than determining or approving dividend policies.
2. When analyzing financial statements, what is the primary objective of a Finance Management Officer at OTR?
A. To determine accounting errors • B. To assess investment needs and provide
recommendations • C. To calculate tax liabilities • D. To evaluate employee
remuneration policies
Answer: B. To assess
investment needs and provide recommendations
Rationale: The OTR officer’s responsibility is to
analyze financial statements specifically to evaluate investment requirements
and provide advisory input, not primarily to handle taxation or payroll
matters.
3. A data bank of investments, loans, and
guarantees helps OTR to:
A. Reduce accounting staff • B. Ensure updated records for decision making • C.
Increase corporate borrowing • D. Eliminate need for audits
Answer: B. Ensure updated
records for decision making
Rationale: A centralized database ensures accurate,
updated, and reliable financial information for effective policy and investment
decisions.
4. Which document is MOST relevant when
updating an asset register of Public Corporations?
A. Internal audit report • B. Statement of financial position • C. Statement of
cash flows • D. Income statement
Answer: B. Statement of
financial position
Rationale: The statement of financial position
(balance sheet) details assets and liabilities, which directly inform the asset
register updates.
5. In reviewing audit reports of PISCs, the
OTR primarily focuses on:
A. Employee training recommendations • B. Financial irregularities and
compliance issues • C. Corporate social responsibility findings • D.
Environmental audit outcomes
Answer: B. Financial
irregularities and compliance issues
Rationale: The OTR’s mandate centers on financial
performance, compliance, and accountability, not HR or CSR recommendations.
6. A Finance Officer advising on Government
guarantees should primarily assess:
A. The repayment capacity of the borrowing corporation • B. The reputation of
the Board of Directors • C. The political alignment of the corporation • D. The
size of employee workforce
Answer: A. The repayment
capacity of the borrowing corporation
Rationale: Guarantees expose Government to risk;
thus, repayment capacity is the critical factor in decision-making.
7. Which financial ratio is MOST useful in
assessing liquidity of a Public Corporation?
A. Debt-to-equity ratio • B. Current ratio • C. Net profit margin • D. Return
on equity
Answer: B. Current ratio
Rationale: The current ratio (current assets ÷
current liabilities) indicates short-term liquidity and ability to meet
obligations.
8. When dividends are delayed, the major
impact on Government finances is:
A. Loss of political influence • B. Reduced revenue inflow • C. Increase in
government salaries • D. Growth in GDP
Answer: B. Reduced revenue
inflow
Rationale: Dividends are a source of non-tax revenue
for Government; delays directly reduce timely cash inflows.
9. Which accounting principle ensures that
OTR officers record assets and liabilities accurately?
A. Matching principle • B. Going concern • C. Historical cost • D. Prudence
Answer: C. Historical cost
Rationale: The historical cost principle requires
recording assets at original cost, ensuring consistency in the asset register.
10. The analysis of Government loans to
corporations helps OTR to:
A. Encourage corporations to avoid paying taxes • B. Monitor performance and
financial risks • C. Reduce international trade • D. Set employee allowances
Answer: B. Monitor performance
and financial risks
Rationale: Loan analysis is critical for monitoring
financial sustainability and identifying potential risks to public funds.
11. Which financial statement BEST shows a
corporation’s profitability trend?
A. Income statement • B. Cash flow statement • C. Balance sheet • D. Audit
report
Answer: A. Income statement
Rationale: The income statement reveals revenues,
expenses, and profit/loss trends, directly reflecting profitability.
12. In asset register maintenance, an OTR
officer should exclude:
A. Motor vehicles • B. Land and buildings • C. Salaries payable • D. Office
equipment
Answer: C. Salaries payable
Rationale: The asset registers tracks assets, not
liabilities such as salaries payable.
13. The major purpose of Government guarantees
to corporations is:
A. To reduce Government expenditure • B. To facilitate access to credit • C. To
discourage foreign investors • D. To increase taxation
Answer: B. To facilitate
access to credit
Rationale: Guarantees enhance corporations’
creditworthiness, enabling them to secure loans they otherwise might not
access.
14. An OTR officer analyzing investment data
should prioritize:
A. Financial returns and associated risks • B. Number of employees in
corporation • C. Political alignment of board members • D. Number of training
sessions offered
Answer: A. Financial returns
and associated risks
Rationale: Investment decisions depend on expected
returns and associated risks rather than internal non-financial factors.
15. Which financial control tool ensures that
funds are used for intended purposes?
A. Budgetary control • B. Human resource manual • C. Corporate social
responsibility policy • D. Procurement plan
Answer: A. Budgetary control
Rationale: Budgets allocate resources and serve as
control mechanisms to ensure funds are used appropriately.
16. The most reliable indicator of solvency in
long-term debt analysis is:
A. Quick ratio • B. Debt-to-equity ratio • C. Inventory turnover • D. Gross
profit ratio
Answer: B. Debt-to-equity
ratio
Rationale: Debt-to-equity shows the relative
proportion of debt and equity, crucial in long-term solvency assessment.
17. Which accounting concept requires OTR
officers to assume corporations will continue operations in future?
A. Accrual • B. Going concern • C. Prudence • D. Materiality
Answer: B. Going concern
Rationale: Going concern assumes corporations will
operate indefinitely, impacting asset and liability valuation.
18. Why is timely dividend remittance critical
for Government fiscal planning?
A. It reduces inflation • B. It enhances liquidity and budget implementation •
C. It increases workforce motivation • D. It raises market share
Answer: B. It enhances
liquidity and budget implementation
Rationale: Government depends on dividend revenue
for financing; delays disrupt liquidity and budget execution.
19. When analyzing audit reports, OTR officers
must ensure:
A. That financial misstatements are identified • B. That staff promotions are
fair • C. That community projects are successful • D. That political objectives
are met
Answer: A. That financial
misstatements are identified
Rationale: The primary objective of financial audit
analysis is identifying misstatements and irregularities.
20. Which among the following is an example of
a statutory corporation in Tanzania?
A. CRDB Bank Plc • B. NMB Bank Plc • C. Tanzania Electric Supply Company
(TANESCO) • D. Vodacom Tanzania Plc
Answer: C. Tanzania Electric
Supply Company (TANESCO)
Rationale: TANESCO is a state-owned statutory
corporation, unlike CRDB, NMB, or Vodacom which are private/public companies.
21. Which component of financial statements
provides insight into cash management efficiency?
A. Cash flow statement • B. Balance sheet • C. Trial balance • D. Audit report
Answer: A. Cash flow statement
Rationale: The cash flow statement reveals how well
a corporation generates and uses cash, key for cash management.
22. When an OTR officer updates investment
data, the key principle applied is:
A. Relevance and timeliness • B. Political neutrality • C. Secrecy • D.
Historical comparison
Answer: A. Relevance and
timeliness
Rationale: Investment data must be updated with
relevant and timely information to guide sound decisions.
23. Which category of ratios BEST evaluates
profitability of a corporation?
A. Activity ratios • B. Leverage ratios • C. Profitability ratios • D.
Liquidity ratios
Answer: C. Profitability
ratios
Rationale: Profitability ratios like net profit
margin, return on assets, and return on equity directly measure profit
efficiency.
24. In analyzing loans provided to Public
Corporations, OTR officers must check:
A. Whether repayment terms are sustainable • B. Whether employees receive
benefits • C. Whether shareholders approve budget • D. Whether Board members
receive allowances
Answer: A. Whether repayment
terms are sustainable
Rationale: Loan analysis emphasizes repayment
ability and sustainability to minimize default risk to Government.
25. Which of the following BEST represents the
objective of asset register maintenance?
A. To assess employee productivity • B. To track and safeguard public assets •
C. To increase corporate profitability • D. To improve staff welfare
Answer: B. To track and
safeguard public assets
Rationale: The asset register ensures accurate
tracking, control, and safeguarding of public-owned assets under statutory
corporations.
26. Which financial statement BEST assists OTR
officers in assessing a corporation’s ability to meet short-term obligations?
A. Balance sheet • B. Cash flow statement • C. Statement of changes in equity •
D. Audit opinion
Answer: A. Balance sheet
Rationale: The balance sheet shows current assets
and liabilities, which are directly used to analyze short-term financial
health.
27. If a statutory corporation fails to remit
dividends, the OTR may consider the issue as:
A. A breach of fiscal responsibility • B. A human resource violation • C. A
corporate governance appointment error • D. An environmental law breach
Answer: A. A breach of fiscal
responsibility
Rationale: Dividend remittance is a fiscal matter;
failure undermines Government revenue obligations, not HR or environmental
laws.
28. Which accounting principle requires
recognition of income when earned and expenses when incurred, regardless of
cash flow?
A. Consistency • B. Prudence • C. Accrual • D. Going concern
Answer: C. Accrual
Rationale: The accrual principle ensures accurate
matching of income and expenses in the relevant period, not tied to cash.
29. When evaluating a government loan to a
corporation, OTR officers should primarily review:
A. Project feasibility and repayment plan • B. Employee recruitment strategy •
C. Shareholder dividend preference • D. Political manifesto priorities
Answer: A. Project feasibility
and repayment plan
Rationale: The decision hinges on feasibility and
repayment ability to reduce Government financial risk exposure.
30. Which is the MOST relevant financial
indicator when assessing return on Government investments in corporations?
A. Return on equity • B. Current ratio • C. Inventory turnover • D. Debt
coverage ratio
Answer: A. Return on equity
Rationale: Return on equity directly measures profitability from shareholders’ perspective, including Government as shareholder.
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