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NIFT UG 2017 Question Paper with solutions

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Question : 87

Total: 150

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.

if both (A) and (R) are true and (R) is the correct explanation of (A).
if both (A) and (R) are true but (R) is not the correct explanation of (A).
if (A) is true but (R) is false
if (A) is false but (R) is true.

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