Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? |
Assertion (A) Saving accounts can be opened by anyone after satisfying Know Your Customer (KYC) the norms published by RBI. |
Reason (R) Saving account is meant for individuals who wish to save some amount of money out of their incomes to safeguard their future. |
A) Both (A) and (R) are true and (R) is the correct explanation of A
B) (A) is true, but (R) is false
C) Both (A) and (R) are false
D) Both (A) and (R) are true, but (R) is not the correct explanation of
Correct Answer: D
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