Home > CS Executive > Quizzes > CS Executive Practice Test: Budgetary Control – Corporate and Management Accounting
CS Executive Practice Test: Budgetary Control – Corporate and Management Accounting
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 90% • Most missed: “The budget which usually takes the form of profit and loss account and balance s…”
CS Executive Practice Test: Budgetary Control – Corporate and Management Accounting
Time left 00:00
25 Questions

1. When the standard output is 10 units per hour and actual output is 14 units per hour, the efficiency level will be:
2. >Assertion (A):
The purpose of performance budgeting is to focus on work to be done and services to be rendered.
Reason (R):
The main purpose of performance budgeting is not to inter-relate the physical and financial aspects of every program, project, or activity.
Select the correct answer from the options given below
3. _____is a budget that, by recognizing different cost behaviour patterns, is designed to change in relation to the volume of output
4. A fixed budget is one which:
5. ____ is prepared for the estimation of plant capacity to meet the budgeted production during the budgeted period
6. Which one of the following is not an advantage of budgetary control
7. A plant produces a product in the quantity of 10,000 units at a cost of ₹ 3 per unit. If 20,000 units are produced, the cost per unit will be ₹ 2.50. The selling price per unit is ₹ 4. The variable cost per unit will be:
8. A budget that gives a summary of all the functional budgets and budgeted statement of profit and loss is called
9. Dec A short term budget, broken down into a quarterly or monthly period and reviewed and modified in the light of changing conditions is:
10. _____is an operating and financial plan of a business enterprise
11. Dec In budgeting, there was a shift from financial classification to objective classification in respect of functions, activities etc
12. A budget in which a responsibility centre manager must justify each planned activity and its budgeted total cost is called
13. The budgeting system designed to change in relation to the level of activity actually attained is known as
14. Budget which remains unchanged regardless of the actual level of activity is known as –
15. While preparing the cash budget, which of the following items would not be included
16. The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as
17. When demand forecasting is difficult, the budget which is prepared:
18. Which one of the following would not form part of the master budget
19. A factor that limits the activities of an undertaking and which is taken into account while preparing a budget is known as
20. One of the most significant tools in cost planning is:
21. The budget which usually takes the form of profit and loss account and balance sheet is known as:
22. A flexible budget is:
23. ____ is based on the premise that every rupee of expenditure requires justification
24. Under which of the following method of budgeting, all activities are re-evaluated each time a budget is set
25. A document that sets out the responsibility of the persons engaged in the routine of and the procedures, forms and records required for budgetary control is called

⚡ Recently practiced quizzes in this topic
Live quiz activity
CS Executive Practice Test: Management of Cash & Marketable Securities CS Executive Practice Test: Custom Act, 1962 – CS Executive Tax Laws CS Executive Practice Test: Introduction to Strategic Management CS Executive Practice Test: Leverages CS Executive Practice Test: Income from Other Sources – CS Executive Tax Laws CS Executive Practice Test: Cost of Capital CS Executive Practice Test: Business Policy & Formulation of Functional Strategy CS Executive Practice Test: Consolidation of Accounts – Corporate and Management Accounting CS Executive Practice Test: Overview of Accounting Standards – Corporate and Management Accounting CS Executive Practice Test: Receivable Management
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.