Question

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

Answer 1

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.