| Directions : Read the following statements: Assertion [a] and Reason [R]. Choose one of the correct alternative. |
| Assertion (A): When the exchange rate is too low. Central Bank intervenes to reduce fluctuations in the foreign exchange rate. |
| Reason (R): Central Bank start buying foreign currency from the market. |
A) Both Assertion [a] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A].
B) Both Assertion [a] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A].
C) Assertion [a] is true but Reason [R] is false.
D) Assertion [a] is false but Reason [R] is true.
Correct Answer: A
Solution :
[a] Both Assertion [a] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A].
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