Economics · Public Finance
Consider the following statements regarding the Union Budget 2021-22: Assertion (A): Significant highway and road works were announced for Kerala, Tamil Nadu, West Bengal, and Assam. Reason (R): Such announcements for capital infrastructure assets will increase the revenue expenditure of the government. Select the correct answer from the options given below:
- 1A is false but R is true
- 2A is true but R is false✓
- 3Both A and R are true but R is NOT the correct explanation of A
- 4Both A and R are true and R is the correct explanation of A
Correct answer
A is true but R is false
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