ldquo Financial Management Index for Rural Development Programmes rdquo rank the performance of the...........

Economic Affairs Rural Development

“Financial Management Index for Rural Development Programmes” rank the performance of the States on the basis of which of the following parameters.

Internal Audit
Social Audit
Optimum implementation of Public Financial Management System
Preparation of annual plan

Select the correct code.

1,2&4 only

2,3&4 only

1,2&3 only

All of the above

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Explanation:

Recently, the Union Minister of Rural Development released the “Financial Management Index for Rural Development Programmes”. The index will rank the performance of the States on the basis of following parameters:

Preparation of annual plan, projecting the requirement of funds for the financial year, expeditious release of State’s share, timely utilization of the funds and submission of the Utilization Certificates etc.;
Optimum implementation of Public Financial Management System (PFMS) & Direct Benefit Transfer;
Internal Audit; and Social Audit.
The performance of the States on the parameters of the Index would also promote the spirit of competitive, cooperative federalism amongst States

Hence all statements are correct.