Management Finance - Part 1

An Excess Grant is presented when:

Type: MCQ • Marks: 1
An Excess Grant is presented when:
Options
A. Expenditure exceeds the amount granted for a service
B. Revenue exceeds expenditure
C. Budget estimates are lower than revised estimates
D. A department voluntarily surrenders funds
Explanation
Excess grants relate to expenditure incurred over and above the amount originally authorised by Parliament and are presented subsequently for regularisation.
UPSC Principal & Vice Principal Management Finance Administration

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