Which statement is most accurate?

Type: MCQ • Marks: 1

A. Availability of budget automatically authorises every loan or advance

B. Budget provision and competent sanction are separate requirements

C. Sanction is unnecessary if funds are available

D. Any employee may sanction an advance from available funds

Explanation

Having funds in the budget does not by itself authorise every type of expenditure or advance.

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UPSC Principal & Vice Principal Management Finance Administration

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