Correct Answer: (D) All of these

Explanation of the correct option:
Financial management involves several important functions that are essential for the smooth functioning and growth of an organisation. The main functions of financial management include:

• Financial planning — deciding the amount of funds required and planning their effective use.

• Procurement of funds — raising funds from various sources at minimum cost.

• Allocation of net profit — deciding how profits are to be distributed as dividends, retained earnings, or reserves.

Since financial management covers planning of funds, raising of funds, and proper use and distribution of profits, all the given options together represent the main functions of financial management. Therefore, the correct answer is (D) All of these.

Explanation of incorrect options:
(A) Financial planning — This is incorrect because financial planning is only one function of financial management and does not cover all its activities.

(B) Procurement of funds — This is incorrect because procurement of funds alone is not the complete scope of financial management. Financial management also includes planning and profit allocation decisions.

(C) Allocation of net profit — This is incorrect because allocation of net profit is only one aspect of financial management and not the entire function.

Conclusion:
Thus, financial planning, procurement of funds, and allocation of net profit are all major functions of financial management. Hence, the correct answer is (D) All of these.

Main function(s) of financial management is/are

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