Consider the following statements.
Assertion (A): The future will see mostly the electronic money clearance through satellite networking.
Reasoning (R): RBI is encouraging e-banking.

A) (A) is true, but (R) is false B) (A) is false, but (R) is true C) Both (A) and (R) are true and (R) is the correct explanation of (A) D) Both (A) and (R) are true, but (R) does not support (A)

Answer & Solution

Correct Answer: Option C

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Consider the following statements Assertion (A) The future will see mostly...

Consider the following statements. Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reasoning (R): RBI is encouraging e-banking.

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Consider the following statements.
Assertion (A): The future will see mostly the electronic money clearance through satellite networking.
Reasoning (R): RBI is encouraging e-banking.