New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the time limit for utilizing funds allocated by

    the Department of Economic Affairs (DEA) under most central sector schemes?
    A 3 months Correct Answer Incorrect Answer
    B 1 year Correct Answer Incorrect Answer
    C Same financial year Correct Answer Incorrect Answer
    D 2 years Correct Answer Incorrect Answer
    E No time limit Correct Answer Incorrect Answer

    Solution

    Funds released under DEA for central sector schemes must generally be utilized within the same financial year, or they lapse, unless revalidated or carried forward with permission.

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