CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipResource Mobilization3 Marks
Question
What are the objectives of financial planning?
✓
Answer
The intellectual process of financial planning is devised to achieve the following objectives:
To assess the different types of financial requirements, viz. long, medium and short-term funds, i.e. capitalisation.
To procure the funds from the suitable sources, keeping in view, the principles of economy, convenience, financial commitments, ownership, etc., i.e. capital structure.
To allocate the funds to various departments to achieve the predetermined objectives.
To establish effective control on financial matters.
To provide optimum amount of working capital for the enterprise.
To build up reserves for future contingencies.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.