General Studies · Financial Administration and Principles of Budgeting
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The application of the Rule of Lapse often leads to the drawback of hurried and rushed spending by government departments at the end of the financial year. Reason R: Any unspent funds sanctioned by the legislature for a particular financial year lapse and are returned to the treasury, preventing the executive from accumulating funds without legislative approval. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A✓
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct
Correct answer
Both A and R are correct and R is the correct explanation of A
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