| Directions : Read the following statements : Assertion (A) and Reason (R). Choose one of the correct alternative. |
| Assertion (A): \[{{M}_{1}}\] = C + OD + Time deposits with the banks. |
| Reason (R): \[{{M}_{1}}\] = C + OD + Demand deposits with the banks. |
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: D
Solution :
[d] Assertion (A) is false but Reason (R) is true.
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