Assertion(A): As part of the major reforms to Union Budget, the date of budget…
2023
Assertion(A): As part of the major reforms to Union Budget, the date of budget was advanced to 1 february for the first time from the Budget for Financial year 2020. Reason(R): The advancement of Budget date has been done to enable early completion of the Budget cycle. Choose the correct answer from the codes below:
- A.
(A) is wrong but (R) is correct
- B.
Both (A) and (R) are correct and (R) explains (A)
- C.
Neither (A) nor (R) is correct
- D.
(A) is correct but (R) is wrong
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Correct answer: A
Answer: Both the assertion and the reason are correct, and the reason explains the assertion. The Union Budget presentation date was moved from February 28 to February 1 starting with the budget for the financial year 2017–18.