Direction: In the following questions, out of the four alternatives, choose the one which can be substituted for the given words/ sentence.
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The process by which a person or an organization reduces the, amount of money it spends
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- budgeting
- retrenchment
- saving
- closure
Correct Option: A
budgeting (N.) : an itemized summary of estimated expenses for a given period along with proposals for financing them retrenchment (N.) : a cutting down of expenses ; a reduction of expenses
saving (N.) : an amount of something such as time or money that you do not need to use or spend
closure (N.) : the situation when a factory, school, hospital, etc. shuts permanently
