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: 

1
(A) is correct but (R) is wrong
2
(A) is wrong but (R) is correct
3
Both (A) and (R) are correct and (R) explains (A)
4
Neither (A) nor (R) is correct

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