Top 350+ Solved Financial Services MCQ Questions Answer
Q. A system of zero-based budgeting was first introduced formally in theUnited States Department of Agriculture in preparing its budget.
a. Fiscal year
b. Leap Year
c. Academic Year
d. Draconic year
Q. Zero-based budgeting was introduced for the first time in a governmentsystem by …………………..
a. Jimmy Carter
b. F.W.Tailor
c. Robert Shiller
d. Abhijit Banarjee
Q. A decision package includes…………..justification for budget estimates of anactivity.
a. Comprehensive
b. Comparative
c. Duplicated
d. none of these
Q. A main factor contributing to the failure of zero-based budgeting has beendue to too much of……………..involved in the procedure.
a. Paper work
b. Computerized work
c. Manual Work
d. none of these
Q. ………………. manpower is a hard task for management.
a. Re-Deploying
b. Deploying
c. Scheduling
d. none of these
Q. Situation of resource crunch when demands for desirable expenditure arefar ………………….. the available resources.
a. out stripping
b. in stripping
c. overlapping
d. none of these
Q. Zero-based budgeting is an approach to budgeting that begins from the principle that………………. or activities Should be factored into the plans for the coming budget period.
a. no cost
b. no Value
c. zero budget
d. none of these
Q. The ‘………….. ’ is a term associated with ZBB, and refers to an analysis ofeach discrete activity, according to cost and purpose.
a. Decision Package
b. Zero budgeting Plan
c. Accountancy
d. Short Sales
Q. The key benefit is that serves to concentrate attention on the……………
a. Zero based budgeting
b. Activity based badgeting
c. Value preposition budgeting
d. none of these
Q. ZBB can offer a number of advantages when it is applied …………..
a. intelligently
b. Ascending order
c. Descending order
d. none of these
Q. The basic process of zero-based budgeting is to justify budget requests for every , regardless of prior period budgets.
a. Budgeting cycle
b. Reuse cycle
c. recession cycle
d. none of these
Q. Zero-based budgeting addresses such problems that can take place with……………. rolling budgets.
a. Conventional
b. Non conventional
c. budging
d. none of these
Q. …………… accounting is a financial reporting process which records theresults of inflation on the financial statement that a firm prepare and published at the end of the financial year.
a. Inflation
b. Corporate
c. Management
d. Bank
Q. One of the most significant and basic principle of the accounting process iscalled as the …………..Principle.
a. measuring Unit
b. Non Measuring Unit
c. Scheduled Unit
d. none of these