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What is the primary objective of the Comprehensive Financial Management System ?
1. Increase Transparency
2. Establish Integrated System
3. Single Source of Truth
4. Improve Accountability

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Correct Answer - Option 2 : Establish Integrated System

The correct answer is Establish Integrated System.

  • The Comprehensive Financial Management System is an integrated, robust, scalable, secure, and user-friendly system designed on Service Oriented Architecture (SOA).
  • NIIT Tech hosted a special session on 'Comprehensive Financial management System' (CFMS) at eINDIA Summit held in Hyderabad on 23-24 July 2013.
  • Comprehensive Financial Management System (CFMS) vision is to establish an wide enterprise-Financial Management System that enhances:
    • efficiency in financial transactions
    • effectiveness in control
    • transparency in operations
    • accountability at all level
    • sustainability in the long run, and to all stakeholders. 
  • Overall, a proper Integrated system is the main objective behind a Comprehensive Financial Management System.

  • Chief Minister of Telangana - K. Chandrashekar Rao
  • Governor of Telangana - Tamilisai Soundararajan
  • Dances of Telangana - Gusadi Dance, Kuchipudi, Tribal Dhimsa Dance, Lambadi Dance, etc. 
  • National Parks/Wildlife Sanctuaries in Telangana - Pakhal Lake & Wildlife Sanctuary, Eturnagaram Sanctuary, Pocharam Wildlife Sanctuary, etc.
  • Hyderabad was known for the pearl industry and was nicknamed the "City of Pearls", and was the only Golconda Diamonds trading center in the world.

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