Q2 A of 23 Page 145

Answer the following questions in two to three sentences each.

What is the meaning of financial management ?


Financial Management is the process of effectively managing, organizing and controlling the finance of any businesses for the smooth running and also to make the necessary financial actions and steps that are needed for the enterprise.


More from this chapter

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1

Fill in the blanks with appropriate words in the following statements.

The IFCI was started in the year ___________.


 1 H

Fill in the blanks with appropriate words in the following statements.

The first share market of India was started at __________.


 2 B

Answer the following questions in two to three sentences each.

Which are the two types of finance required by the business concerns ? Give examples.


 2 C

Answer the following questions in two to three sentences each.

Mention any four sources of short term credit required by business concerns?