| Assertion [A] As the economy grows overtime, the demand for money in hand also increase proportionately |
| Reason [R] Supply of money in the economy and economic growth are directly related |
A) Assertion [A] is true and Reason [R] is a correct reason of Assertion [A]
B) Assertion [A] is true and Reason [R] is not a correct reason of Assertion [A]
C) Assertion [A] is false, but Reason [R] is true
D) Both are false
Correct Answer: B
Solution :
As the economy grows over time, income of the people increase and in order to support the growth, we need more money supply in economy.
You need to login to perform this action.
You will be redirected in
3 sec
