| Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. |
| Assertion (A): Borrowing from abroad is treated as credit item in balance of payment account. |
| Reason (R): Because it leads to the inflow of foreign exchange. |
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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