Correct Answer: Assertion is true, but Reason is false.

Solution : The correct answer is (c) Assertion is true, but Reason is false.

Maslow's hierarchy of needs is a psychological theory that categorizes human needs into a pyramid with five levels, arranged in a hierarchy. From the base to the top, these levels are: physiological needs, safety needs, social needs, esteem needs, and self-actualization needs.

The assertion is true to some extent. Financial incentives can address certain higher-level needs, especially those related to safety and security, as well as social and esteem needs. For example, financial incentives in the form of salary, benefits, or bonuses can contribute to a sense of financial security and stability (safety needs) and enhance one's social standing and recognition (esteem needs) within a community or organization.

The reason is false, as financial incentives can go beyond physiological needs (such as food, water, and shelter) and extend to addressing safety, social, and esteem needs as mentioned above. Financial incentives can provide a sense of security, social connection, and recognition, which are aspects of higher-level needs in Maslow's hierarchy.