The existence of an unspent balance in a Sports Fund at year-end means:

Type: MCQ • Marks: 1

A. It must automatically be spent before year-end

B. Its treatment should follow the rules governing the fund

C. It becomes the Principal's money

D. It should automatically be distributed among staff

Explanation

Unspent balances may need to be carried forward, surrendered or otherwise dealt with according to applicable rules.

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UPSC Principal & Vice Principal Management Finance Administration

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