| Directions : Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative. |
| Assertion (A) : Expending on education and health make substantial long term impact and they cannot be easily reversed, hence government intervention is essential to ensure that private providers of these services adhere to the standards stipulated by the government and charge the correct price. |
| Reason (R): Individual consumers of education and health services do not have complete information about the quality of these services and their costs. In such situation, the providers of these services acquire monopoly power and are involved in exploitation. |
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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