Assertion (A) : Fiscal deficit is greater than budgetary def

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Assertion (A) : Fiscal deficit is greater than budgetary deficit.

Reason (R) : Fiscal deficit is the borrowing from the Reserve Bank of India plus other liabilities of Government to meet its expenditure.

I.A.S. (Pre) 1999

[Fiscal Policy, Inflation Planning and Banking]

Both A and R are true and R is the correct explanation of A

Both A and R are true but R is not the correct explanation of A

A is true but R is false

A is false but R is true

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