IBPS PO Mains 2016 Paper for online practice

Question : 196 of 200

Marks: +1, -0

The term 'Zero Based Budgeting' refers to __________.

A specified sum of money authorized by the Legislature for a specific period of time
To ensure that every rupee spent is result oriented
A statutorily mandated form of reimbursement or upfront payment for state expenditures
A cost item for which payment is made by one state agency to another
A shortfall in an existing appropriation, or an additional amount needed to accomplish a new or expanded purpose

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