The concept of 'Zero Base Budgeting' was introduced in India for government budgeting in: MCQ with Answer and Explanation

Question

Share Report Error

The concept of 'Zero Base Budgeting' was introduced in India for government budgeting in:

A. 1990s

B. 1980s

C. 1970s

D. 2000s

Answer: Option B

Solution (By JKSSB Mock Tests)

Zero Base Budgeting (ZBB) was introduced in India in the 1980s as a reform in government budgeting.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

The 'Institute of Chartered Accountants of India' (ICAI) was established by:

A. A resolution of Government

B. An Act of Parliament

C. RBI

D. SEBI

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
ICAI was established by the Chartered Accountants Act, 1949.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The 'Guillotine' in budget process refers to:

A. Adjournment of house

B. Rejection of budget

C. Putting all outstanding demands to vote without further discussion

D. Alloting extra time for discussion

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Guillotine is a parliamentary procedure to close discussion on demands for grants and put them to vote.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

The 'Presumptive Taxation' scheme under Section 44AD is for:

A. Importers

B. Professionals only

C. Large corporates

D. Small businesses with turnover up to ₹2 crore

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Section 44AD allows eligible businesses to declare 8% (or 6% digital) of turnover as presumptive income.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs