General Studies · Public Budgeting Concepts
Assertion (A): An economist views a budget primarily as a device for influencing and stabilizing the overall economy. Reason (R): For an administrator, a budget is fundamentally a tool for internal management, communication, and operational control.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (A) and (R) are true, and (R) is the correct explanation of (A).
- 2Both (A) and (R) are true, but (R) is NOT the correct explanation of (A).✓
- 3(A) is true, but (R) is false.
- 4(A) is false, but (R) is true.
Correct answer
Both (A) and (R) are true, but (R) is NOT the correct explanation of (A).
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