UPSC CAPF (AC) 2026 Paper I · Question 24

Question 24 of the UPSC CAPF (AC) 2026 Paper I (19 July 2026). Try it first, then open the answer and explanation.

CAPF 2026 · P-I · Q24 · Indian Economy · Public Finance & Taxation
Which one of the following systems has been adopted by the Government of India to improve cash management, reduce idle balance, enhance transparency and strengthen expenditure efficiency as a major public financial management system reform?
1. Paper-Based Clearing System
2. Decentralized Account Management System
3. Just-in-Time Fund Release System
4. Asset Management and Tracking System
एक प्रमुख सार्वजनिक वित्तीय प्रबंधन प्रणाली सुधार के रूप में नकदी प्रबंधन को बेहतर बनाने, अप्रयुक्त जमा रकम को घटाने, पारदर्शिता को बढ़ाने और व्यय दक्षता को सुदृढ़ करने के लिए, भारत सरकार द्वारा निम्नलिखित में से कौन-सी प्रणाली अपनाई गई है?
1. कागज़-आधारित समाशोधन प्रणाली (Paper-Based Clearing System)
2. विकेन्द्रीकृत लेखा प्रबंधन प्रणाली (Decentralized Account Management System)
3. ठीक समय पर निधि निर्मोचन प्रणाली (Just-in-Time Fund Release System)
4. आस्ति प्रबंधन और ट्रैकिंग प्रणाली (Asset Management and Tracking System)
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Answer: (3) Just-in-Time Fund Release System
उत्तर: (3) ठीक समय पर निधि निर्मोचन प्रणाली (Just-in-Time Fund Release System)
Under Just-in-Time fund release (run through PFMS, for example the SNA-SPARSH system for Centrally Sponsored Schemes), central funds are released only when payments to beneficiaries or vendors actually fall due. This cuts idle balances parked in agency bank accounts and the government's interest cost, and makes fund flows traceable in real time.

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