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.
Which of the following agencies recently has been taken under the ambit of Integrated Ombudsman SchemeÂ
What is the maximum amount of deposits that can be accepted by Payment Banks?
Which of the following measures the time decay on option premium?
Which type of borrower is typically associated with Self-Help Groups (SHGs) in priority sector lending?
How much Viability Gap Funding can the Central Government provide for infrastructure projects under PPP?
The process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities is called:
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Who was appointed as a first Chairman of Insolvency and Bankruptcy Board of India?
Observing changes in financial variables across the years is :
What is the Complaint redressal system of SEBI called
