Teaching EMRS Librarian Mock Test 2023 Library Science Management of Libraries & Information Centres Financial Management
Given below are two statements
Statement I: There are two fundamental budgeting principles, firstly, a budget is a tool for planning and monitoring, and secondly, for the budget to be accurate and effective the process must be inclusive.
Statement II: The librarian is responsible for preparing budget estimates in consultation with the administration and finance departments of the library
In light of the above statements, choose the most appropriate answer from the options given below
1
Both Statement I and Statement II are correct
2
Statement I is correct but Statement II is incorrect
3
Both Statement I and Statement II are incorrect
4
Statement I is incorrect but Statement II is correct