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Question

Which of the following statements is/are incorrect?

  1. The concept of Zero-Base Budgeting was introduced in the country to reduce the reckless expenditure of the government and its departments.

  2. The process of Zero-Base Budgeting involves the review of every ministry’s expenditure at the beginning of each financial year in order to receive funding.

  3. India borrowed this concept from the Australia.

A I and II only Correct Answer Incorrect Answer
B II and III only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D All of the above Correct Answer Incorrect Answer

Solution

India borrowed this concept from the USA.

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