With reference to Budget of Uttar Pradesh for the Financial Year 2020-21, which of the following statement(s) is/are true?1.The size of the budget was Rs. 5,12,80.72 crores.2.Certain new schemes were also included in this budget amounting to Rs. 10,967.87 crores.Select the correct answer from the code given below:

1. A

   Neither 1 nor 2

   Option (a) claims that neither statement 1 nor statement 2 is true regarding the Uttar Pradesh budget. However, both statements presented in the question regarding the financial year 2020-21 budget are factually correct. Therefore, this option is completely incorrect and fails to acknowledge the accurate data provided in the statements.

2. B

   Both 1 and 2

   Option (b) claims that both statement 1 and statement 2 are true with reference to the Budget of Uttar Pradesh for the Financial Year 2020-21. The total size of the state budget for 2020-21 was indeed presented as Rs. 5,12,80.72 crores, successfully incorporating significant financial allocations. Additionally, this budget explicitly included certain new schemes amounting to Rs. 10,967.87 crores to boost developmental activities across the state. Consequently, both given statements are correct, making this option the officially designated key.

3. C

   Only 2

   Option (c) claims that only statement 2 is true while statement 1 is incorrect. This is wrong because statement 1 correctly states the total size of the Uttar Pradesh budget for 2020-21 as Rs. 5,12,80.72 crores. Excluding the first statement invalidates this choice.

4. D

   Only 1

   Option (d) claims that only statement 1 is true while statement 2 is incorrect. This is invalid because statement 2 accurately reflects the provision of Rs. 10,967.87 crores allocated for new schemes in the budget. Ignoring the second statement makes this choice wrong.

Summary. Official key is (b) because both statements regarding the Uttar Pradesh Budget for the Financial Year 2020-21 are accurate. Statement 1 correctly notes the budget size of Rs. 5,12,80.72 crores. Statement 2 accurately points out the inclusion of new schemes worth Rs. 10,967.87 crores. Aspirants often confuse exact financial figures, but official data confirms both points. Thus, option (b) is the correct choice.