| Assertion [A] Revenue budget of Government represents non-debt creating incomes. |
| Reason [R] Government budget is majorly comprised of receipts and expenditures on various account. |
A) Both Assertion [A] and Reason [R] are correct and Reason [R] is the correct explanation of Assertion [A].
B) Both Assertion [A] and Reason [R] are correct, but Reason [R] is not the correct explanation of Assertion [A].
C) Assertion [A] is correct, but Reason [R] is incorrect.
D) Both Assertion [A] and Reason [R] are incorrect.
Correct Answer: B
Solution :
Government budget has two components revenue budget and capital budget. Revenue components includes those incomes which do not impact assets.
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