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Q:

The term 'Zero Based Budgeting' refers to __________.

A) A specified sum of money authorized by the Legislaturefor a specific period of time B) To ensure that every rupee spent is result oriented
C) A statutorily mandated form of reimbursement or up-front payment for state expenditures D) A cost item for which payment is made by one stateagency to another

Answer:   B) To ensure that every rupee spent is result oriented



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
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Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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