Question

Read the following statements Assertion (A) and Reason (R). Choose one of the correct alternatives given below. ASSERTION (A)-Government budget is an annual estimated statement of revenue and expenditure during coming fiscal year. REASON (R)- Through government budget it tries to reduce the regional variations.
A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
b. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
C. Assertion (A) is true, but Reason (R) is false.
D. Assertion (A) is false, but Reason (R) is true.​

Answer 1

Answer:

a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

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Answer 2

A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) is the correct answer

Explanation:

Government budget is an annual estimated statement of revenue and expenditure during coming fiscal year:

An annual budget forecasts a company's revenue and expenses for the next 12 months. The process of developing an annual budget entails balancing a company's revenue streams against its expenses. If planned expenditures equal projected receipts, annual budgets are termed balanced.

Make a budget for the coming fiscal year.

• Create a new budget and set the dates.
• Make a financial contribution to the budget. 
• Copy monies from a prior budget and add them.
• Before closing the existing budget, decide if you wish to use the new budget.
• Allow for the use of a budget.

Through government budget it tries to reduce the regional variations:

• Through redistribution of income and wealth in the economy, a government budget can help to eliminate income inequality.
• The government redistributes income in favour of the poor by levying taxes on the wealthy and providing subsidies to the needy.