Which of the following is an essential feature of an effective loan/advance administration system?

Type: MCQ • Marks: 1

A. Proper sanction, documentation, disbursement, accounting and recovery monitoring

B. Verbal approvals only

C. No repayment records

D. Indefinite postponement of recovery

Explanation

The entire lifecycle must be controlled, not merely the initial sanction.

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UPSC Principal & Vice Principal Management Finance Administration

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