Why should a Principal/Vice-Principal understand the difference betwee

Type: MCQ • Marks: 1

Why should a Principal/Vice-Principal understand the difference between EMD and Performance Security?

A. Because confusing them can result in incorrect financial controls and improper handling of procurement risks

B. Because both are employee benefits

C. Because neither affects procurement

D. Because EMD determines school admissions

Explanation

Correct classification ensures that the appropriate security is obtained and managed at the appropriate procurement stage.

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UPSC Principal & Vice Principal Management Finance Administration

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Why should a Principal/Vice-Principal understand the difference between EMD and Performance Security?