General Studies · Financial Administration

Which of the following statements regarding the comprehensive Scope of Financial Administration are correct? I. It includes budget formulation, legislative approval, execution of the budget, treasury management, accounting, and evaluation of financial performance. II. It involves coordination among various government departments and agencies to ensure efficient allocation and utilization of resources. III. It strictly excludes mechanisms for transparency and accountability, as audits by constitutional authorities are beyond its purview. IV. It covers fiscal policy formulation, public debt management, and extends to encompass the entire system of public financial management. Choose the correct answer from the options given below: