Question

Under the General Financial Rules, every Government servant is expected to exercise the same vigilance in respect of expenditure as:

1.
a bank would exercise in respect of its deposits
2.
a court would exercise in respect of its funds
3.
an auditor would exercise in respect of public funds
4.
a person of ordinary prudence would exercise in respect of his own money
Answer (Detailed Solution Below)

Option 4 : a person of ordinary prudence would exercise in respect of his own money

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Detailed Solution

सही उत्तर a person of ordinary prudence would exercise in respect of his own money है।

Key Points

Rule 21 of the GFR lays down that every officer is expected to exercise the same vigilance in respect of expenditure incurred from public moneys as a person of ordinary prudence would exercise in respect of expenditure of his own money.

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More Domain-Specific Questions

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Question:

Under the General Financial Rules, every Government servant is expected to exercise the same vigilance in respect of expenditure as:

1.
a bank would exercise in respect of its deposits
2.
a court would exercise in respect of its funds
3.
an auditor would exercise in respect of public funds
4.
a person of ordinary prudence would exercise in respect of his own money

Correct Answer: a person of ordinary prudence would exercise in respect of his own money

Rule 21 of the GFR lays down that every officer is expected to exercise the same vigilance in respect of expenditure incurred from public moneys as a person of ordinary prudence would exercise in respect of expenditure of his own money.

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