Management Finance - Part 1

In financial administration, appropriation primarily refers to:

Type: MCQ • Marks: 1
In financial administration, appropriation primarily refers to:
Options
A. Legislative authorisation to withdraw money from a specified public fund for specified purposes
B. Collection of taxes
C. Audit of government accounts
D. Borrowing from foreign governments
Explanation
Appropriation provides legal authority for government expenditure from the Consolidated Fund within specified limits and purposes.
UPSC Principal & Vice Principal Management Finance Administration

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