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    Question

    Given below are two statements, one is labelled as

    Assertion (A) and the other as Reason (R): Assertion (A): Keynes considered fiscal policy more significant than monetary policy. Reason (R): Monetary policy fails to treat the situation of recession whereas fiscal policy has considerable success. Select the correct answer using the codes given below : Code:
    A Both (A) and (R) are correct, (R) is the correct explanation of (A). Correct Answer Incorrect Answer
    B Both (A) and (R) are correct but (R) is not the correct explanation of (A). Correct Answer Incorrect Answer
    C (A) is correct but (R) is incorrect. Correct Answer Incorrect Answer
    D (A) is incorrect but (R) is correct. Correct Answer Incorrect Answer

    Solution

    Assertion (A) and Reason (R) both are correct and Reason (R) correctly explains Assertion (A). Keynes considered fiscal policy more significant than monetary policy because monetary policy fails to treat the situation of recession whereas fiscal policy gets considerable success.

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