Which of the following best describes financial propriety?

Type: MCQ • Marks: 1

A. Expenditure should be authorised, necessary, economical and consistent with applicable rules

B. All allocated funds must be spent

C. The cheapest option must always be selected regardless of quality

D. Financial decisions need not be documented

Explanation

Financial propriety combines legality, authority, necessity, economy and responsible use of public/institutional resources.

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UPSC Principal & Vice Principal Management Finance Administration

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