Management Finance - Part 1

Which of the following correctly differentiates the Public Accounts Committee from the Estimates Committee?

Type: MCQ • Marks: 1
Which of the following correctly differentiates the Public Accounts Committee from the Estimates Committee?
Options
A. PAC focuses substantially on expenditure already incurred; Estimates Committee examines estimates and economy in expenditure
B. PAC examines proposed estimates; Estimates Committee examines past expenditure
C. Both have identical functions
D. Estimates Committee audits constitutional authorities
Explanation
PAC is largely post-expenditure scrutiny, while the Estimates Committee focuses on estimates, economy and efficiency.
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UPSC Principal & Vice Principal Management Finance Administration

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