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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.


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

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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