Consider the following statements : Assertion (A) : Fisca

M: +2.00/-0.50

Consider the following statements :

Assertion (A) : Fiscal deficit of Indian Government as a percentage of GDP was higher in 2017-18 as compared to Budget estimates.

Reason (R) : Growth in indirect tax collection was relatively lower during 2017-18 on account of introduction of GST.

Select the correct answer using the codes given below

U.P.R.O./A.R.O. (Pre) 2017

[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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