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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.
Alternatives
  • 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 is option 'B'. Can you explain this answer?
Most Upvoted Answer
Assertion (A): Government budget is an annual estimated statement of r...
Explanation:

  • Assertion (A) is true. A government budget is an estimated statement of revenue and expenditure for the upcoming fiscal year. It outlines the government's plans for spending and earning money.

  • Reason (R) is also true. One of the objectives of the government budget is to reduce regional variations by allocating resources to underdeveloped areas. This is done through various schemes and programs aimed at reducing poverty and promoting economic growth in these areas.

  • However, Reason (R) is not the correct explanation of Assertion (A). While reducing regional variations is an important objective of the government budget, it is not the only reason for its existence. The budget also serves other purposes such as controlling inflation, promoting economic growth, and ensuring social justice.

  • Therefore, option (B) is the correct answer as both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

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Community Answer
Assertion (A): Government budget is an annual estimated statement of r...
Goverment budget is an annual and estimated statement of receipts and expenditure. Various objectives are targetted using the budget.
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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.Alternativesa)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 falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'B'. Can you explain this answer?
Question Description
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.Alternativesa)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 falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about 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.Alternativesa)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 falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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.Alternativesa)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 falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'B'. Can you explain this answer?.
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