LSM 17.2 : BUDGETING AND ACCOUNTING-2

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Results

#1. Which is opposite of historical budgeting?

Planning Programming Budgeting System (PPBS)

Zero-Base Budgeting (ZBB)

Performance Budgeting

Programme Budgeting

#2. Which approach requires that all activities be identified and developed as “decision packages” and that there should be a systematic evaluation and ranking of these “decision packages” preferably using a computer?

PBBS

ZBB

Historical method of budgeting

Performance budgeting

#3. Which method of budgeting does not take into account what happened in the past but places emphasis on current activities?

PBBS

ZBB

Incremental method of budgeting

Performance budgeting

#4. Which method of budgeting is followed in Indian libraries?

ZBB

PBBS

historical method of budgeting

Formula method

#5. What proportion of the expenditure of a university library should be spent on staff according to Ranganathan?

20%

50%

30%

40%

#6. What proportion of the expenditure of a university library should be spent on books and other materials according to Ranganathan?

40%

10%

30%

70%

#7. What proportion of the expenditure of a university library should be spent on miscellaneous expenditure according to Ranganathan?

20%

15 %

10%

5%

Ranganathan has suggested that the proportion of the expenditure of a university
library on these two major items be as follows:
Staff : 50%
Books and other : 40%
reading, materials
Miscellaneous : 10%

#8. Whose responsibility is to prepare the budget?

Librarian

Assistant Librarian

Library Attendant

Chief Librarian

#9. Who passes the entire budget of a university?

Executive Council/ Syndicate

Panchayat

State Legislative Council

Vice -Chancellor

#10. Who approves the Library budget of a college?

Librarian

Principal

Managing Committee

Senior most Lecturer

#11. What is Accounting?

a systematic maintenance of the income and expenditure flow on records

Allocation of funds to various expenditure heads

Scrutiny of the purchases

Purchase of the items and their entry in the records

#12. What is Auditing?

a systematic maintenance of the income and expenditure flow

a scrutiny of the financial transactions of government and semi government bodies

verification of bills

Approving the expenditures of an organisation

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