Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

Consider the following statement (s) is/are true about budget, budgeting & budgetary control.

I. Budgetary control is a wider concept whereas Budget and budgeting are narrower concepts

II. Budget is the process of preparing business estimates.

Which of the following statements is/are correct?

A Only I
B Only II
C Both I and II
D Neither I nor II

Answer & Explanation

Answer: Only I

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