Which statement is correct regarding budget availability in LTE?

Type: MCQ • Marks: 1

A. It is sufficient by itself to justify procurement

B. It is necessary but does not replace sanction, procurement procedure, financial propriety and need assessment

C. It is irrelevant

D. It permits procurement from any supplier

Explanation

A budget allocation does not create unlimited spending authority.

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UPSC Principal & Vice Principal Management Finance Administration

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