CIVILSHUB IAS
66th B.P.S.C. (Pre) 2020

Bihar Government has introduced the Comprehensive Financial Management System (CFMS) on 1st April, 2019. This system ## Page 30 CLICK HERE - JOIN @APNAPDFS

aWill make all financial activities in the State online and paperless✓ Correct
bWill solve the problem of NPA of banks
cWill ensure effective implementation of State projects
dWill manage state government finances including local bodies
eNone of the above/More than one of the above

Explanation

The Comprehensive Financial Management System (CFMS) was started in Bihar to strengthen public financial management, digitize related work, promote electronic transactions, and ensure a single, reliable source of data. The system provides effective financial control, tracking, and reliability in reporting within the regulatory and institutional framework. It is noteworthy that for implementing all types of financial activities under the state government, CFMS 2.0 is being implemented from 1 January, 2025 in place of CFMS 1.0. Note—In the given question, instead of “Public Financial Management System”, it should be “Comprehensive Financial Management System”. At the time of the question, option (a) was the correct answer. In Bihar Budget 2025–26, the estimated developmental and non-developmental expenditure is 206,818.53 crore rupees and 110,076.48 crore rupees, which is 65.26% and 34.74% of the total estimated expenditure of 316,895.02 crore rupees.

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