Indian Economy -Civil Service Gurukul

📊 Expenditure Finance Committee (EFC) 📊
The Expenditure Finance Committee (EFC) is a critical body that evaluates proposals involving significant public expenditure, ensuring the efficient allocation of resources and alignment with government priorities.
💡 Key Highlights of EFC:
✅ Role: Evaluates major projects and schemes to ensure alignment with government goals.
✅ Function: Ensures fiscal discipline and transparency in public fund allocation.
✅ Impact: Plays a pivotal role in approving modifications or extensions of schemes such as the Interest Equalisation Scheme (IES), ensuring effective budgetary utilization.
📌 Additional Notes:
The EFC reviews the financial and strategic viability of projects before implementation.
It ensures public funds are used effectively to achieve socio-economic objectives like supporting MSMEs or boosting exports.
Ministries proposing extensions or modifications to large schemes must seek EFC approval for budgetary allocations.
📘 Civil Service Gurukul – Transforming Aspirants into Achievers 🎓
📢 Join Us:
🔜 @economyupsc
🔜 @civilservicegurukul
📩 Reach Out on Telegram: @csgurukul
✅ UPSC Prelims Multiple Choice Questions
1. Which of the following best describes the role of the Expenditure Finance Committee (EFC)?
a) Monitoring the implementation of government schemes.
b) Evaluating proposals involving substantial public expenditure.
c) Formulating policies for economic growth.
d) Allocating funds to state governments for development projects.
Answer: b) Evaluating proposals involving substantial public expenditure.
2. The Expenditure Finance Committee (EFC) is responsible for:
a) Finalizing interest rates for export credit schemes.
b) Assessing financial and strategic viability of projects.
c) Preparing the Union Budget.
d) Allocating subsidies for agricultural exports.
Answer: b) Assessing financial and strategic viability of projects.
🌐 Website: www.civilservicegurukul.com
📧 Email: [email protected]

Telegram

Indian Economy -Civil Service Gurukul

Objective is to make best quality preparation of Indian Economy for UPSC (IAS) students
for Guidance contact
@csgurukul

Like UPSC (IAS) Exam page for more updates
Click on below link given

https://m.facebook.com/civilservicegurukul1/

www.tgoop.com/economyupsc/3031

262 viewsCivil Service Gurukul, Jan 17 at 06:03

📊 Expenditure Finance Committee (EFC) 📊
The Expenditure Finance Committee (EFC) is a critical body that evaluates proposals involving significant public expenditure, ensuring the efficient allocation of resources and alignment with government priorities.
💡 Key Highlights of EFC:
✅ Role: Evaluates major projects and schemes to ensure alignment with government goals.
✅ Function: Ensures fiscal discipline and transparency in public fund allocation.
✅ Impact: Plays a pivotal role in approving modifications or extensions of schemes such as the Interest Equalisation Scheme (IES), ensuring effective budgetary utilization.
📌 Additional Notes:
The EFC reviews the financial and strategic viability of projects before implementation.
It ensures public funds are used effectively to achieve socio-economic objectives like supporting MSMEs or boosting exports.
Ministries proposing extensions or modifications to large schemes must seek EFC approval for budgetary allocations.
📘 Civil Service Gurukul – Transforming Aspirants into Achievers 🎓
📢 Join Us:
🔜 @economyupsc
🔜 @civilservicegurukul
📩 Reach Out on Telegram: @csgurukul
✅ UPSC Prelims Multiple Choice Questions
1. Which of the following best describes the role of the Expenditure Finance Committee (EFC)?
a) Monitoring the implementation of government schemes.
b) Evaluating proposals involving substantial public expenditure.
c) Formulating policies for economic growth.
d) Allocating funds to state governments for development projects.
Answer: b) Evaluating proposals involving substantial public expenditure.
2. The Expenditure Finance Committee (EFC) is responsible for:
a) Finalizing interest rates for export credit schemes.
b) Assessing financial and strategic viability of projects.
c) Preparing the Union Budget.
d) Allocating subsidies for agricultural exports.
Answer: b) Assessing financial and strategic viability of projects.
🌐 Website: www.civilservicegurukul.com
📧 Email: [email protected]

BY Indian Economy -Civil Service Gurukul