Maharashtra SET Grievance

[Shashikant G. Mirkute]

Dear Professionals, 

I wants to give grievance, I got 218 marks and Cut off is 220

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Paper II) Q.6.  Which Budgeting system requires thorough re-evaluation ? 

         A) Line Budget

         B) PPBS

         C) ZBB

         D) Physical Quantity budget 

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What is correct answer ?

I gave ans B) PPBS but as per SET Maharashtra answer keys C) ZBB  is correct answer 

So Which is correct answer?

[Rajesh Sharma]

Dear Mr  Shashikant G. Mirkute

It is really very Hard Luck to miss by 2 marks. I also faced the same situation in previous UGC NET DEC 2013. Initially I too thought it as PPBS.

But as per the Wikipedia ......... http://en.wikipedia.org/wiki/Zero-based_budgeting....

Zero-based budgeting is an approach to planning and decision-making that reverses the working process of traditional budgeting. In traditional incremental budgeting (Historic Budgeting), departmental managers justify only variances versus past years, based on the assumption that the "baseline" is automatically approved. By contrast, in zero-based budgeting, every line item of the budget must be approved, rather than only changes.^[1] During the review process, no reference is made to the previous level of expenditure. Zero-based budgeting requires the budget request be re-evaluated thoroughly, starting from the zero-base. This process is independent of whether the total budget or specific line items are increasing or decreasing

I will further search / locate information sources for its correct answer.

Rajesh Sharma.

 

[Shashikant G. Mirkute]

Dear Sir,

Thanks for your comment, but wikipedia was the authentic source ?

[Rajesh Sharma]

Certainly can not be considered as authentic source. I am further searching in some books, articles or in authentic one, if I come across, I will let u know......Rajesh Sharma

[Shashikant G. Mirkute]

Thank you very much Sir !!!