New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statements is/are

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