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BUDGETING Commercial Studies - BUDGETING

ICSE - STD 10 - Commercial Studies (ICSE - English Medium). 52 questions in this chapter.

Question types

BUDGETING question types

52 questions across 4 question groups — pick any mix to generate a Commercial Studies paper with step-by-step answer keys.

52
Questions
4
Question groups
5
Question types
Sample Questions

BUDGETING questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ1 Mark
The __________ budget contains an estimate of the total volume of production week wise, month wise and product wise.
  • ✓
    Production
  • B
    Purchase
  • C
    Cash
  • D
    Sales

Answer: A.

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Q 2MCQ1 Mark
The process of preparing budgets is known as
  • ✓
    Budgeting
  • B
    Banking
  • C
    Marketing
  • D
    Pricing

Answer: A.

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Q 3MCQ1 Mark
The ________ budget is a summary of all the budgets.
  • A
    Cash
  • B
    Sales
  • ✓
    Master
  • D
    Production

Answer: C.

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Q 4MCQ1 Mark
A _________ is an estimate of probable events that can be made by anybody.
  • A
    Budget
  • ✓
    Forecast
  • C
    Efficiency
  • D
    Liquidity

Answer: B.

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Q 5MCQ1 Mark
The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the :
  • A
    Purchase Budget
  • ✓
    Sales Budget
  • C
    Cash Budget
  • D
    Production Budget

Answer: B.

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