| Assertion [A] In absence of any legal hier of an individual, government distributes its financial assets. |
| Reason [R] Non-tax revenues of government budget is categorized under capital component. |
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: D
Solution :
In absence of any legal hier, government forfeit its financial assets, while non-tax receipts comes under revenue budget.
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