New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Which of the following is not correct about

    budgeting?
    A Budgeting is a plan of action based on past performance and governed by rational judgment of factors that will influence the course of business in future. Correct Answer Incorrect Answer
    B For budgeting the organisational structure must be clearly defined and responsibility should be assigned to identifiable units within the organisation Correct Answer Incorrect Answer
    C Budgeting does not facilitate in management by exception Correct Answer Incorrect Answer
    D Budgeting is quantifiable in monetary or quantity or both terms Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    Budgeting is a plan for future. a properly prepared budget allows management to follow the management-by-exception principle bydevoting attention to results that deviate significantly from planned levels. Snapshot from study notes of the ixamBee SEBI course covering topic in detail and discussed in classes

    Practice Next