Consider the following statements : Assertion (A) : There

M: +2.00/-0.50

Consider the following statements :

Assertion (A) : There is a history of fiscal deficit in Central Government budgets in India.

Reason (R) : Indian agriculture has enjoyed large amount of subsidies compared to Western countries.

Select the correct answer using the code given below:

Code :

U.P.P.C.S. (Spl.) (Mains) 2004

[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 a correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

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