18 Questions
What is the main characteristic of Zero-based budgeting?
Setting a 'zero base' for each new period
Who developed the idea of Zero-based budgeting?
Peter Pyhrr
What is one key difference between Zero-based budgeting and traditional budgeting?
Reviewing and justifying all expenses
Which type of budgeting calls for incremental increases over previous budgets?
Traditional budgeting
What is the main characteristic of Zero-based budgeting?
Justifying all expenses for each new period
How are pre-committed expenses treated in Zero-based Budgeting?
Ignored and not considered in the budget
How does a Zero-based Budget differ from traditional budgeting?
It starts from a 'zero base' for each period
When was Zero-based budgeting (ZBB) adopted by the department of science and technology in India?
1983
Who developed the idea of Zero-based budgeting?
Peter Pyhrr
What happens to unspent funds in Zero-based budgeting as opposed to traditional budgets?
They are not allotted to those who did not spend
In Zero-based budgeting, what is the starting point for the budgeting process?
'Zero' base
What happens to unspent funds in a Zero-based Budget scenario?
Not allocated to those who did not spend
What does Zero-based Budgeting involve in terms of ministry expenditure?
Review and justification of each expenditure
Which event led to the resurgence of Zero-based budgeting (ZBB) after 2008?
Financial crisis of 2008
Which Indian state became the first to implement Zero-based budgeting?
Maharashtra
What is the purpose of Gender Budgeting (GB) in India?
Empower women through budgetary commitments
What did the 2005-06 Indian Budget highlight regarding gender sensitivities?
'Pink tax' on women
Why did the Indian government make it compulsory for all ministries to review their activities and programs based on Zero-based budgeting?
To align expenditure with judicious spending
Learn about Zero-based budgeting (ZBB) method which requires all expenses to be justified for each new period. Explore the concept developed by Peter Pyhrr and its application in budgeting processes.
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