A Principal calculates interest at 8% instead of the sanctioned 6%, arguing that the additional amount will benefit the...

Type: MCQ • Marks: 1

A Principal calculates interest at 8% instead of the sanctioned 6%, arguing that the additional amount will benefit the Government This is:

A. Financially prudent and therefore automatically valid

B. Incorrect because the prescribed rate must be followed unless properly revised by competent authority

C. Mandatory

D. A routine rounding adjustment

Explanation

Financial propriety includes adherence to authorised terms.

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UPSC Principal & Vice Principal Management Finance Administration

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