Question

Modern approach of financial management is

• A. Procurement of funds
• B. Utilisation of funds
• C. Both (A) and (B)
• D. None of these

Hint:

A balanced approach to both procuring and utilizing funds effectively ensures financial stability and growth.

Answer 1

The Correct Option is C

Step 1: Understand the modern approach to financial management.
Financial management involves two major aspects: procurement of funds (securing capital for the organization) and utilization of funds (how the funds are spent for various business operations).
Step 2: Evaluate the options.
- The modern approach to financial management includes both securing funds and effectively utilizing them. - Both aspects are equally important in managing an organization's financial health.
Step 3: Conclude.
The correct answer is both procurement and utilization of funds.
Final Answer: \[ \boxed{\text{Both (A) and (B)}} \]