Zero-Based Budgeting (ZBB) lays emphasis on1. unlimited deficit financing2. preparing new budget right from the scratch3. preparing the budget neglecting history of expenditureSelect the correct answer using codes given below:

Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.