Zero Based Budgeting:
1. is done via re-evaluating every item of expenditure in every financial year
2. reflects the input of resources and the output of services for each unit of an organization
Which among the above is / are correct?

Answer: [A] Only 1

First statement defines zero based budgeting while second one defines performance budgeting.

This question is a part of GKToday's Integrated IAS General Studies Module