Which of the following best reflects risk-based procurement administra

Type: MCQ • Marks: 1

Which of the following best reflects risk-based procurement administration?

A. Requiring appropriate security where justified while allowing authorised exemptions and avoiding unnecessary barriers to competition

B. Requiring maximum EMD in every procurement

C. Eliminating all security requirements

D. Allowing the Principal unlimited discretion

Explanation

Good procurement administration balances protection of public funds with fair market participation.

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UPSC Principal & Vice Principal Management Finance Administration

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Which of the following best reflects risk-based procurement administration?