Question
Which country first implemented zero-based
budgeting?Solution
Zero-based budgeting was first introduced in the United States during the 1970s. This budgeting approach was developed by Peter Pyhrr, a manager at Texas Instruments, and was later implemented at the federal government level during President Jimmy Carter's administration as part of his comprehensive reform of government budgeting. Zero-based budgeting requires each department to justify its entire budget from scratch (from "zero base") for each fiscal period, rather than only explaining expenditures that exceed the previous budget. This methodology aims to improve efficiency by ensuring that all expenditures are thoroughly evaluated and justified.
According to data from Centre for Monitoring Indian Economy (CMIE), Unemployment rate in India rose to ___ per cent in December 2022.
Which of the following received the Best Actress award at the 70th National Film Awards?
Which platform was rebranded as the Unified Lending Interface (ULI) under the Reserve Bank Innovation Hub (RBIH)?
Who rose to World No. 2 in live chess ratings after a win at the Chennai Grand Masters 2024?
Under which market condition do firms have excess capacity?
________ is aiming to invest 165 billion rupees in clean energy projects to meet its 2040 net zero carbon emissions goal.
The University Grants Commission (UGC) has appointed _________________as chairman, of the executive committee of the National Assessment and Accreditati...
Who has been appointed as the new Chairperson of the Economic Advisory Council to the Prime Minister (EAC-PM) in 2025?
Which region hosts the highest global density of snow leopards, as per a study in PLOS ONE?
Who was honored with the prestigious 'Lifetime Achievement' award by the Sports Journalists Federation of India (SJFI) and Delhi Sports Journalists Asso...
