| Assertion [A] Government budget is an annual estimated statement of revenue and expenditure during coming fiscal year. |
| Reason [R] Through government budget, it tries to reduce the regional variations. |
A) Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]
B) Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A]
C) Assertion [A] is true, but Reason [R] is false
D) Assertion [A] is false, but Reason [R] is true
Correct Answer: B
Solution :
Government budget is an annual and estimated statement of receipts and expenditure. Various objectives are targetted using the budget.
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