Question : Assertion (A): Net Demand deposits of Commercial Banks are included in the money supply.
Reason(R): Interbank deposits are deposits held by banks on behalf of other banks and do not belong to the public.
Option 1: Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason(R) are true, but Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true, but Reason (R) is false.
Option 4: Assertion (A) Is false, but Reason (R) is true.
Correct Answer: Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A)
Solution : The correct answer is (a) Both Assertion (A) and Reason(R) are true, and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A)
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