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FM & Powers of PAOs Regulations, 2021
Schedule – Write-off
Beginner
Q
A PAO may write off irrecoverable losses of stores or public money due to fraud, theft etc. up to:
ARs. 500,000 in each case
BRs. 1 million in each case
CRs. 10 million in each case
DRs. 5 million in each case
Correct Answer:
C. Rs. 10 million in each case
Explanation:
Schedule item 8(i): PAO Rs 10 m; HoD Rs 1 m; Head of sub-ordinate office Rs 500,000 – provided no system defect and no serious negligence.