A Finance Council (or Finance Committee) is specifically constituted to scrutinise income–expenditure statements, annual budgets and major financial proposals before they go to the higher authorities. Since the stem describes a council dealing with budgets and financial decisions, “Finance” is the correct completion.
Option A:
Option A is incorrect because the Academic Council focuses on academic matters such as courses and examination schemes rather than on financial proposals.
Option B:
Option B is wrong since the Executive Council has a broader remit and usually relies on the Finance Council’s recommendations for detailed budget scrutiny.
Option C:
Option C is correct as the Finance Council is the body directly responsible for detailed examination and recommendation of financial matters mentioned in the stem.
Option D:
Option D is incorrect because a Sports Council deals with games and physical activities and has no primary role in university budgeting.
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