Question

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 the Government to meet its expenditure.

Accepted Answer

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

Answer

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

Answer

A is true but R is false

Answer

A is false but R is true