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What is the significance of the “Rolling Budget”?
- a)It was introduced in the 1980s for long-term economic planning
- b)It allows for adjustments and updates throughout the fiscal year
- c)It was the first budget presented after economic liberalization in 1991
- d)It focuses on reducing the fiscal deficit
Correct answer is option 'B'. Can you explain this answer?
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What is the significance of the “Rolling Budget”?a)It was ...
Significance of the Rolling Budget:
- Allows for adjustments and updates: The rolling budget allows organizations to make adjustments and updates throughout the fiscal year. This flexibility is crucial in a dynamic business environment where changes can occur rapidly.
- Enhances accuracy: By incorporating new information and data as the year progresses, the rolling budget can provide a more accurate financial forecast compared to traditional static budgets.
- Encourages forward-looking planning: With the rolling budget, organizations are encouraged to take a more proactive and forward-looking approach to financial planning. This helps in identifying potential issues early on and taking corrective actions in a timely manner.
- Improves decision-making: The ability to adjust the budget in real-time enables better decision-making based on the most up-to-date information available. This can lead to more informed and strategic business decisions.
- Increases accountability: Rolling budgets promote accountability as they require regular reviews and revisions. This ensures that budget holders are actively involved in the budgeting process and accountable for meeting their financial targets.
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What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer?
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What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer? for CUET 2024 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CUET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer?.
What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer? for CUET 2024 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CUET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the “Rolling Budget”?a)It was introduced in the 1980s for long-term economic planningb)It allows for adjustments and updates throughout the fiscal yearc)It was the first budget presented after economic liberalization in 1991d)It focuses on reducing the fiscal deficitCorrect answer is option 'B'. Can you explain this answer?.
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