Question : Assertion: The Mudra Yojana provides financial support to small entrepreneurs for setting up or expanding their businesses.
Reason: It offers collateral-free loans to only medium and large producers.
Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer:
Both assertion and reason are true, but the reason does not correctly explain the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, and the reason does not correctly explains the assertion.
The assertion is true as the Mudra Yojana indeed provides financial support to small entrepreneurs for setting up or expanding their businesses. The reason is false because the Mudra Yojana offers collateral-free loans to micro and small enterprises, not just medium and large producers. Therefore, the reason does not correctly explain the assertion.
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