Management Finance - Part 1

A Token Grant is most appropriately associated with:

Type: MCQ • Marks: 1
A Token Grant is most appropriately associated with:
Options
A. A new service for which funds are required but can be met through reappropriation after legislative approval
B. Emergency military expenditure
C. Excess expenditure already incurred
D. Routine expenditure already fully authorised
Explanation
A token provision is used where a new service requires legislative authorisation, but no substantial additional cash expenditure is necessary because funds can be made available through reappropriation.
UPSC Principal & Vice Principal Management Finance Administration

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