Question
Consider the following statement about new accounting
mechanisms in the Public Finance Management System (PFMS). I. Treasury Single Account (TSA) for central government agencies and autonomous bodies. II. Single Nodal Agency (SNA) for distributing CSS funds to states. III. Centre had saved Rs 20,000 crores in FY22 on interest payments after adopting new accounting mechanisms. Which of the above statement is/are correct?Solution
Union Finance Secretary T V Somanathan said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre’s borrowing for now and it can be considered a short-term saving for the exchequer. The new accounting mechanisms in the Public Finance Management System are: • Treasury Single Account (TSA) for central government agencies and autonomous bodies • Single Nodal Agency (SNA) for distributing CSS funds to states A Treasury Single Account (TSA) is a unified structure of government bank accounts that aims to consolidate and optimize the use of Government cash resources.
- A trader purchased a gadget and sold it at a profit of 30%. If he had sold it at a profit of 18%, his profit would have decreased by Rs.180. What was the c...
The difference between the selling price on a discount of 32% and two successive discounts of 20% each on a certain bill is ₹25. Find the actual amoun...
- A shopkeeper marked an item 50% above its cost and offered a 30% discount. If the item is sold at Rs. 3,150, then what is the profit?
A shopkeeper buys an article for Rs 800. He marks it 50% above the cost price and allows a discount of 20% on the marked price. Find the selling price a...
Ratio of MP and SP of an article is 5:3 and the article is sold at 20% profit. Find cost price of article, if the selling price is 100 more than its CP?
The ratio between the present ages of Beena and Meenal is 4 : 9. Beena is 10 years younger than Meenal. Find the ratio of their a...
- A dishonest shopkeeper marks up the price of his produce by 40% on the cost price and sells it providing a discount of 25%. If he uses 800 gram as weight i...
The combined average cost price of two items, Almonds and Walnuts, is Rs. 450. If Almonds are sold at a profit of 50% and Walnuts at a loss of 25%, resu...
The ratio between the cost price of book I and book J is 4:3 respectively. Each of the books was marked 20% above its cost price. If the MRP of book I i...
A retailer listed a watch at Rs. 600 and provided successive discounts of 10% and 20%. After all discounts, if his profit was Rs. 36, what was the cost ...
Relevant for Exams:
