__________ ensures availability of finance whenever needed.
__________ ensures availability of finance whenever needed.
Solution
Option 1 -> Capital Budgeting deals with evaluating and selecting long-term investment projects, not ensuring availability of funds.
Option 2 -> Capital Structure refers to the mix of debt and equity used to finance operations, not the availability of finance.
Option 3 -> Financial Planning involves forecasting financial needs and arranging funds in advance to ensure availability whenever required.
Option 4 -> Financial Leverage is about using borrowed funds to increase returns, not ensuring availability of finance.
Hence, Option 3: Financial Planning -> Financial planning is a systematic process that estimates future capital requirements and ensures that adequate funds are arranged and available at the right time to meet business needs -> correct
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