Consider the following statements.
Assertion (A): Taking of deposits and granting of loans single out banks.
Reasoning (R): Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities.
A. Assertion (A) is correct and Reasoning (R) is the correct explanation of (A)
B. Both Assertion (A) and Reasoning (R) are correct but (R) is not the correct explanation of (A)
C. Assertion (A) is correct but Reasoning (R) is incorrect
D. Reasoning (R) is correct but Assertion (A) is incorrect
Answer: Option A
This Question Belongs to Commerce >> Banking And Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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