| Direction: In the question given below are two statements labelled at Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? |
| Assertion (A) Exchanges of debentures and shares are done industrial securities market. |
| Reason (R) Exchanges of shares and debentures are divided in two markets: primary market and secondary market. |
A) Both A and R are true and R is the correct explanation of A
B) Both A and R are true, but R is not the correct explanation of A
C) A is true, but R is false
D) A is false, but R is true
Correct Answer: B
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