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M: +2.00/-0.50

Statement (A) : A big source of deficit in the Government’s budget is the financial subsidy.

Reason (R) : The level of financial subsidy is much higher in Indian agriculture than in developed countries.

Select the correct answer with the help of following code:

U.P.P.C.S. (Mains) 2002

[Fiscal Policy, Inflation Planning and Banking]
A
B
C
D

EXPLANATION

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