Nalanda Open University
Annual Exam-2017
Post Graduate Diploma in Financial Management (PGDFM)
Paper-III (Management Control System)
OLD
Time: 3.00 Hrs. Full Marks: 80
Answer any Five Questions. All questions carry euqal marks.
1. Describe the features of a successful investment policy.
2. Discuss different aspects of corporate level strategy.
3. What do you mean by profit sharing system? Throw light on its objectives and
mechanism.
4. For what reasons delegation of authority and assignment of responsibility are
essential? Explain.
5. State the difference between Capital budgeting and revenue budgeting. What factors
should be taken into consideration in connection with Capital budgeting?
6. Explain the framework of performance managemetn system.
7. What is investment centre? Describe its objectives.
8. Describe the nature, scope and objectives of management control system.
9. What is flexible budgeting? What are its limitations? Explain.
10. What is budgeting? Drow distinction between programme budgeting and performance
budgeting.