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Public Funds & Corruption Challenges
GS-IV: Ethics, Integrity & Aptitude
Useful for: UPSC Civil Services
Overview
Public funds must be used lawfully, efficiently and transparently; corruption undermines development and trust.
Key points
- General Financial Rules, 2017 govern government expenditure and procurement.
- GeM (Government e-Marketplace) brings transparency to procurement.
- The Prevention of Corruption Act, 1988 was amended in 2018 to make bribe-giving an offence as well.
- The CAG audits government accounts; the CVC oversees vigilance; the Lokpal handles complaints against public servants.
- Corruption raises costs, lowers quality and hurts the poor most.
- Causes include discretion, weak accountability, low risk of punishment and social tolerance.
Practice MCQs
From the perspective of definition and scope, which one of the following statements about Public Funds & Corruption Challenges is correct?
- Public Funds & Corruption Challenges is unrelated to institutions, processes or real-world applications.
- Public Funds & Corruption Challenges has no exceptions or limitations in exam analysis.
- Stewardship of public funds requires legality, economy, efficiency, effectiveness and auditable decision-making.
- Eliminating all administrative discretion is a sufficient and cost-free solution to corruption.
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Answer: (c) Stewardship of public funds requires legality, economy, efficiency, effectiveness and auditable decision-making.. Stewardship of public funds requires legality, economy, efficiency, effectiveness and auditable decision-making.
Consider the following statements on Public Funds & Corruption Challenges, focusing on definition and scope: 1. Eliminating all administrative discretion is a sufficient and cost-free solution to corruption. 2. Stewardship of public funds requires legality, economy, efficiency, effectiveness and auditable decision-making. Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
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Answer: (b) 2 only. Statement 2 is correct; Statement 1 is a common misconception.
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