In financial administration, the applicable interest rate on a Government loan should ordinarily be determined by:

Type: MCQ • Marks: 1

A. The borrower's preference

B. Applicable Government rules, sanction terms or prescribed conditions

C. The bank's unrelated rate

D. The Principal's personal choice

Explanation

Interest is a matter of authorised terms, not personal discretion.

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UPSC Principal & Vice Principal Management Finance Administration

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