| Directions : Read the following statements: |
| Assertion (A) and Reason (R). Choose one of the correct alternative. |
| Assertion (A):RBI is the lender of the last resort. |
| Reason (R):Because when commercial banks fail to get money from anywhere they approach the Central bank and Central Bank gives financial help to them. |
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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