A Zener diode works on:
Reverse bias
The explanation for the correct option:
In the case of option ()
The explanation for incorrect options:
In the case of option (),
The voltage across the Zener diode remains virtually constant, but the current increases dramatically since the current path are conductive.
In the case of option (),
While the Zener diode behaves just like a conventional junction diode when connected in forwarding bias, its trait of a steep breakdown voltage in reverse bias is why we utilize it as a voltage regulator because it will only allow current to pass beyond a particular value.
In the case of option (),
The voltage point at which the voltage across the Zener diode allows the current to flow in reverse bias is called the Zener voltage. This voltage can range from less than one volt to a few hundred volts for normal Zener diodes. Therefore it does not work on the infinite bias.
Therefore, option is the correct choice.