Financial management aims at _________ the cost of funds procured, keeping the risk under control and achieving effective deployment of such funds.

increasing

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equaling

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reducing

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nullifying

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Solution

The correct option is B reducing
Financial Management is concerned with optimal procurement as well as usage of finance.
Financial Management aims at reducing the cost of funds procured, keeping the risk under control and achieving effective deployment of such funds. It also aims at ensuring availability of enough funds whenever required as well as avoiding idle finance.

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___ aims to reduce the cost of funds procured, keeping the risk under control and achieving effective deployment of such funds.

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