Question : Assertion (A): Central problems of an economy are called central problems. Reason (R): It is because these are the most basic problems of an economy and all other problems revolve around them.
Option 1: A and R are correct and R is the correct explanation of A.
Option 2: A and R are correct and R is not the correct explanation of A.
Option 3: A is true but R is false.
Option 4: A is false but R is true.
Correct Answer: A and R are correct and R is the correct explanation of A.
Solution : Central issues in an economy are referred to as central problems. This is so because all other issues in an economy stem from these fundamental issues. Hence, the correct option is 1.
Question : Assertion (A): A new business is likely to have lesser goodwill. Reason (R): Goodwill is an intangible asset.
Question : Assertion: Unemployment and poverty go hand in hand. Reason: Poverty is a result of unemployment
Question : Assertion: Physical capital is tangible in nature Reason: Physical capital can be seen and touchable.
Question : Assertion (A): The Current Ratio is unaffected by debt redemption. Reason (R): Debentures that are redeemable within a year have an impact on the current ratio.
Question : Assertion (A) Central Bank as a banker to the government, works as a custodian of cash reserves.
Reason(R) The Central Bank acts as a clearinghouse for the transfer and settlement of mutual claims of commercial banks.
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