Question

Match List-I with List-II 

List-I (Types of Budget)	List-II (Explanation)
(A) Revenue and Expense Budget	(I) Budget that reflects the anticipated income from the sales of products and controlling services
(B) Programme Budgeting	(II) Budget to provide a systematic method for allocating the resources in ways most effective to meet the goals
(C) Zero-based Budgeting	(III) Budget that divide enterprise programmes into "packages" and then calculate costs for each package from the bottom up
(D) Variable or Flexible Budgeting	(IV) Budget that adjusts targeted levels of costs for changes in volume

• A. A - I, B - II, C - III, D - IV
• B. A - I, B - III, C - II, D - IV
• C. A - I, B - II, C - IV, D - III
• D. A - III, B - I, C - IV, D - II

Hint:

Focus on the core idea: \textbf{Zero-based} starts from zero. \textbf{Flexible} adjusts with volume. \textbf{Programme} focuses on goals. \textbf{Revenue/Expense} is about income vs. spending.

Answer 1

The Correct Option is A

Step 1: Define each type of budget. Step 1:

Revenue and Expense Budget: The most common type, it forecasts the income and expenditures for a specific period.
Programme Budgeting: Focuses on allocating resources to specific programs or activities to achieve certain goals, rather than just line items.
Zero-based Budgeting (ZBB): A method where all expenses must be justified for each new period, starting from a "zero base." Every function is analyzed for its needs and costs.
Variable or Flexible Budgeting: A budget designed to change in relation to the level of activity or volume. Costs are broken down into fixed and variable components.
Step 2: Match the budget types (List-I) with their explanations (List-II).
Step 2:

A. Revenue and Expense Budget matches I. ...anticipated income from the sales... and controlling services (expenses).
B. Programme Budgeting matches II. ...allocating the resources in ways most effective to meet the goals.
C. Zero-based Budgeting matches III. ...divide... programmes into "packages" and then calculate costs... from the bottom up.
D. Variable or Flexible Budgeting matches IV. ...adjusts targeted levels of costs for changes in volume.
Step 3: Conclude the correct matching.
Step 3: The correct matching is A-I, B-II, C-III, D-IV.