A Sports Fund is established from a contribution that explicitly prohibits use for prizes The Principal uses ₹10,000 fro...

Type: MCQ • Marks: 1

A Sports Fund is established from a contribution that explicitly prohibits use for prizes The Principal uses ₹10,000 from it for trophies

A. Automatically permissible because trophies promote sports

B. Irregular unless the restriction is lawfully modified by competent authority

C. Mandatory

D. Not subject to audit

Explanation

Specific restrictions attached to funds must be respected.

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UPSC Principal & Vice Principal Management Finance Administration

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