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Question 1:
(a) Explain fully the difference between ‘Pay-As-You-Use' and ‘Pay-As-You-Go' methods of financing infra-structural projects.
(b) Write short notes on any ONE of the following:
(i) Private Finance Initiative
(ii) The life cycle costs of a physical asset
Question 2:
(a) Describe the incremental budgeting technique. Illustrate your answer with practical examples such as in recurrent expenditure budgeting.
(b) Give three reasons why incremental budgeting is still practised in the public sector in spite of its limitations.
Question 3:
Using an example of your choice, describe how Social Cost Benefit Analysis is applied in the public sector.
Question 1 Under a hire purchase deal structured by X Finance Ltd. for Y Corporation, the finance company has offered to finance the purchase of equipment that costs Rs. 200 la
Definition of 'Working Capital Turnover': A calculation comparing the depletion of working capital to the generation of sales over a provided period. This provides some useful
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