| Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. |
| Assertion (A): Balance of trade is also known as visible trade. |
| Reason (R): Because it records export and import of goods only and it does not record services. |
A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.
Correct Answer: A
Solution :
[a] Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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