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Economy question from FAA exam, 2024 by JKSSB

The Public Financial Management System (PFMS) Was earlier known as

Last updated Nov 7, 2026
Correct Answer: Option A — Central Plan Schemes Monitoring System (CPSMS)
The Public Financial Management System (PFMS) was initially started by the Planning Commission in 2008-09 as a pilot project in four states (Madhya Pradesh, Bihar, Punjab, and Mizoram) before being expanded into the robust, real-time monitoring system used across India today.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
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JKSSB FAA 2024

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Exam JKSSB
Recruitment FAA
Year 2024
Subject Economy
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