Q. Consider the following statements:
1.A Surplus Budget occurs when the government’s estimated revenue exceeds its estimated expenditure in a financial year.
2.Zero-Based Budgeting requires all expenditures to be re-justified each time a budget is prepared, regardless of previous allocations.
3.Sunset Budgeting is a budgeting technique where every budget is automatically dissolved at the end of the financial year.
Which of the statements given above is/are correct?