Management Finance - Part 1

The principle of financial propriety requires that a public official should:

Type: MCQ • Marks: 1
The principle of financial propriety requires that a public official should:
Options
A. Spend the maximum amount available
B. Exercise the same degree of prudence in public expenditure as a person of ordinary prudence would exercise with their own money, subject to public purpose
C. Avoid all expenditure
D. Prefer expensive alternatives to demonstrate quality
Explanation
Financial propriety requires prudence, avoidance of personal benefit and responsible use of public money.
UPSC Principal & Vice Principal Management Finance Administration

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