S1: The Treasury Single Account (TSA) is a unified bank account of the government. S2: Under TSA, all cash balances of various government departments are pooled together. Which statement(s) is/are correct? MCQ with Answer and Explanation
S1: The Treasury Single Account (TSA) is a unified bank account of the government. S2: Under TSA, all cash balances of various government departments are pooled together. Which statement(s) is/are correct?
A. Both S1 and S2
B. Neither S1 nor S2
C. S1 only
D. S2 only
Answer: Option A
Solution (By JKSSB Mock Tests)
TSA is a single consolidated bank account (usually with the RBI) where all government cash receipts are deposited and all payments are made, effectively pooling all departmental cash balances.
Explanation:
A joint venture is a temporary partnership formed for a specific venture or project, and it ceases to exist once the project is completed.
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