In the following question there are two statement labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of following is correct?
Assertion (A) : All expenditures that promote economic growth and development are termed as development expenditure of the government.
Reason (R) : Expenditure on infrastructure development public enterprises or development of agriculture increases productive capacity in the economy and bring income to the government.
1
Both (A) and (R) are true and (R) is the correct explanation of (A)
2
Both (A) and (R) are true, but (R) is not the correct explanation of (A)
3
(A) is true, but (R) is false
4
(A) is false, but (R) is true