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Budgeting
Class 10
Exercise/MCQ Set 1
Budgeting
1. _________ Budget form the fundamental basis on which all other budgets are built.
Cash Budget
Purchase Budget
Master Budget
Sales Budget
2. Which is NOT the Utility of Budgets ?
Effective Control
Expenditure
Coordination
Sound Planning
3. __________ is a judgement that can be made by anybody.
Forecast
Cast
Budget
None of the above
4. Product Budget is NOT shows the product details as _________.
Product wise
Month wise
Area wise
Week wise
5. Which Budget is helpful in exercising control over cost and liquidity of the firm.
Production Budget
Cash Budget
Master Budget
Purchase Budget
6. A budget relates to a __________ period.
Past
Present
Historical
Future
7. Budgets are an important tool of
Capital
Cash
Prize determination
Planning
8. The starting point in preparation of master budget is
Cash Budget
Purchase Budget
Master Budget
Sales Budget
9. ________ may cover a period of several years while a ___________ is prepared for a year or lesser period.
forecast, budget
budget, forecast
Trends, plans
plans, trends
10. It helps to ensure that the required items are available as and when needed for smooth functioning of the business.
Sales Budget
Master Budget
Production Budget
Purchase Budget
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