Financial management and budgeting MCQs

30 Score: 0 Attempted: 0/30 Subscribe
1. : What is the main objective of financial management in libraries?





2. : A library budget is best defined as:





3. : Which of the following is not a type of library budget?





4. : The line-item budget focuses on:





5. : The performance budget emphasizes:





6. : The zero-based budgeting system requires:





7. : Which of the following is a source of income for libraries?





8. : The library financial year usually corresponds to:





9. : The person primarily responsible for library financial management is:





10. : The process of estimating library expenses for the coming year is known as:





11. : The audit of library accounts ensures:





12. : A capital expenditure in libraries refers to:





13. : A revenue expenditure refers to:





14. : The budget cycle includes which stages?





15. : The budget proposal is prepared by:





16. : What is the purpose of financial reporting in libraries?





17. : Virement in budgeting refers to:





18. : A contingency fund in a library is used for:





19. : Which of the following is a benefit of zero-based budgeting?





20. : The financial statement of a library typically includes:





21. : In budgeting, allocation refers to:





22. : The library audit report is usually submitted to:





23. : A balanced budget means:





24. : Which of the following is an internal control measure in financial management?





25. : Budgetary control involves:





26. : The supplementary budget is prepared when:





27. : The Petty Cash Fund is used for:





28. : Financial accountability in libraries ensures:





29. : The chief financial document prepared at the end of a fiscal year is:





30. : Effective library budgeting leads to:





Contents Copyrights Reserved By T4Tutorials