12th Class Economics Money And Banking Question Bank Assertion and Reason - Money and Banking

  • question_answer
    Assertion [A] Paper money is becoming more popular these days.
    Reason [R] It is generally acceptable and convenient to carry.

    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 :

    Paper currency is gaining popularity because it is easy to use and handle and fastest mode of settling transactions.


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