Which of the following best describes an advance in financial administration?

Type: MCQ • Marks: 1

A. A capital receipt

B. A permanent gift

C. Money provided before the final liability or expenditure is fully settled, subject to prescribed adjustment/recovery conditions

D. A tax refund in every case

Explanation

Advances require subsequent adjustment, settlement or recovery according to the applicable rules.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

UPSC Principal & Vice Principal Management Finance Administration

This page is indexed for search so students can find questions directly from Google.

Welcome to TutorWale!