General Studies · Financial Management and Audit
The 'HH Foundation' is a publicly funded charity that provides mobile defibrillators to rural communities. They have recently undergone a Value for Money (VFM) audit using the '3Es' framework. The auditors noted that while the foundation successfully lowered the purchase price of each unit by switching to a new supplier, the units now require more frequent maintenance, and the total number of successful life-saving interventions per year has remained static despite a 20% increase in the number of units deployed. Which of the following statements correctly identifies the performance measurement outcomes based on the 3Es framework?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The foundation has improved effectiveness but has shown a decrease in economy.
- 2The foundation has improved economy but has shown a decrease in effectiveness.✓
- 3The foundation has improved efficiency but has shown a decrease in effectiveness.
- 4The foundation has improved economy but has shown a decrease in efficiency.
Correct answer
The foundation has improved economy but has shown a decrease in effectiveness.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Management and Audit MCQs →Want more practice questions on Financial Management and Audit?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Financial Management and Audit