A Principal keeps a very large amount of institutional cash on hand instead of depositing it through authorised banking...
Type: MCQ • Marks: 1
A Principal keeps a very large amount of institutional cash on hand instead of depositing it through authorised banking procedures The principal risk is:
Options
A. Improved accountability
B. Guaranteed higher interest
C. Increased exposure to loss, theft and weak financial control
D. Automatic budget savings
Explanation
Excessive physical cash creates security and accountability risks.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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