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With reference to the standards of financial propriety under the General Financial Rules, consider the following:
1. Every officer should exercise the same vigilance in respect of public expenditure as a person of ordinary prudence would in respect of his own money.
2. Expenditure should not be prima facie more than the occasion demands.
3. Savings under a grant need not be reported to the competent authority.
Which of the above is/are correct?
- A1 only
- B1 and 2 only
- C2 and 3 only
- D1, 2 and 3
Correct answer: B