Question

Consider the following statement about new accounting mechanisms in the Public Finance Management System (PFM

  • A for central government agencies and autonomous bodies. II. Single Nodal Agency (SN
  • A 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?
  • S . I. Treasury Single Account (TS
A Only 1
B Only 2
C Only 3
D Both 1 and 2
E Both 2 and 3
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