Test Questions- Budget and Budgetary Control

  1. How do you define Budget?
  2. What do you mean by the concept of Budget?
  3. Why do you need budgeting?
  4. What is Budgetary Control?
  5. Differentiate between budget, budgetary control and budgeting.
  6. What are the steps to have budgetary control?
  7. Describe the essentials of Budgetary Control.
  8. List out the advantages of budgetary control.
  9. What makes budgetary control an important aspect?
  10. What are the disadvantages of Budgetary Control?
  11. Explain the steps to have budgetary control.
  12. Elaborate the objectives of Budgeting.
  13. What do you mean by a Budget centre?
  14. Describe the role of budget committee.
  15. What is a budget manual?
  16. What do you mean by cash budget?
  17. What is budget period?
  18. What is performance budgeting? Explain its steps.
  19. What are the various types of budget?
  20. What do you mean by Zero Base Budgeting?
  21. What is a material budget?
  22. What do you mean by flexible budget?

Test Questions-Budget and Budgetary Control 1Test Questions-Budget and Budgetary Control 2

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