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Permalink Reply by Rajesh Sharma on June 16, 2014 at 6:25

Dear Mr  Shashikant G. Mirkute

It is really very Hard Luck to miss by 2 marks. I also faced the same situation in previous UGC NET DEC 2013. Initially I too thought it as PPBS.

But as per the Wikipedia ......... http://en.wikipedia.org/wiki/Zero-based_budgeting....

Zero-based budgeting is an approach to planning and decision-making that reverses the working process of traditional budgeting. In traditional incremental budgeting (Historic Budgeting), departmental managers justify only variances versus past years, based on the assumption that the "baseline" is automatically approved. By contrast, in zero-based budgeting, every line item of the budget must be approved, rather than only changes.^[1] During the review process, no reference is made to the previous level of expenditure. Zero-based budgeting requires the budget request be re-evaluated thoroughly, starting from the zero-base. This process is independent of whether the total budget or specific line items are increasing or decreasing

I will further search / locate information sources for its correct answer.

Rajesh Sharma.

 

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Permalink Reply by Shashikant G. Mirkute on June 16, 2014 at 16:03

Dear Sir,

Thanks for your comment, but wikipedia was the authentic source ?

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Permalink Reply by Rajesh Sharma on June 16, 2014 at 18:18

Certainly can not be considered as authentic source. I am further searching in some books, articles or in authentic one, if I come across, I will let u know......Rajesh Sharma

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Permalink Reply by Shashikant G. Mirkute on June 16, 2014 at 21:32

Thank you very much Sir !!!

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