NTA UGC/NET/SET/JRF Education Paper 2 - 2024, 2nd Edition, Includes 2023 Solved papers (June and December) | 500 + Previous years questions with answer keys

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Relationship Between Policies and Education

WHAT’S INSIDE

This chapter will cover the following important topics:

1. Budget

2. Types of Budgets

3. Policy Formulation

INTRODUCTION

This chapter focuses on the concept of budget and policies alongwith their types, principles and objectives.

BUDGET

Budget is defined as the process of preparing plans for future activities of an enterprise after involving and considering the objectives of the given organization. This also provides steps/process of collection of data, by which deviations from the plan, either unfavourable or favourable, can be measured. This analysis is helpful in cost estimation, performance analysis, minimizing wastage and better utilization of resources of the organization.