The defining characteristic of a standing imprest is that:
Type: MCQ • Marks: 1
The defining characteristic of a standing imprest is that:
Options
A. It is never accounted for
B. It is a fixed amount that is recouped as expenditure is incurred
C. It is a permanent grant
D. It can be used for personal expenditure
Explanation
The imprest holder spends the authorised amount and submits supporting records so that the amount spent can be recouped, restoring the imprest to its sanctioned level.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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