Directions : Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative. |
Assertion (A): Fiscal Deficit = ﱠTotal Expenditure > Total Receipts excluding borrowings and other liabilities of the government. |
Reason (R): Because fiscal deficit reflect the borrowing requirements of the government. |
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: A
Solution :
[a] Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).You need to login to perform this action.
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