Which of the following best represents financial accountability in an educational institution?

Type: MCQ • Marks: 1

A. Spending the entire allocated budget before year-end

B. Avoiding all delegation

C. Maximising expenditure regardless of outcomes

D. Ensuring that funds are used lawfully, economically, transparently and for authorised objectives

Explanation

Financial accountability combines legality, propriety, transparency, economy, efficiency and responsibility for the use of public resources.

UPSC Principal & Vice Principal Management Finance Administration

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