Commerce & Management•Updated for 2026 Competitive Exams
Budgeting MCQS with Answers
Practice top multiple choice questions (MCQs), topic summary, and verified answers for Budgeting MCQS with Answers. Essential for Central & State competitive examinations. Solve these high-frequency practice questions with step-by-step solutions to evaluate your preparation level.
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Practice Questions & Explanations (15 Questions)
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Q1Commerce / CAMedium
Which of the following is NOT a primary purpose of budgeting?
Q2Commerce / CAMedium
A budget that is designed to change in accordance with the level of activity actually attained is called a:
Q3Commerce / CAMedium
In zero-based budgeting (ZBB), every budget starts from:
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Q4Commerce / CAMedium
The master budget typically begins with the preparation of the:
Q5Commerce / CAMedium
Which budget shows the expected cash inflows and outflows?
Q6Commerce / CAMedium
A variance is defined as:
Q7Commerce / CAMedium
Which of the following describes a 'favorable variance'?
Q8Commerce / CAMedium
Capital budgeting is primarily concerned with:
Q9Commerce / CAMedium
Which of the following is a non-cash expense that is added back in cash budgeting?
Q10Commerce / CAMedium
The production budget is calculated as:
Q11Commerce / CAMedium
A continuous (or rolling) budget:
Q12Commerce / CAMedium
Which of the following budgets summarizes all the schedules of the operating and financial budgets?
Q13Commerce / CAMedium
Budgetary slack occurs when managers:
Q14Commerce / CAMedium
The direct materials budget is directly based on the:
Q15Commerce / CAMedium
Payback period is a technique used in:
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