question_answer

Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct?

Assertion (A) Saving accounts can be opened by anyone after satisfying Know Your Customer (KYC) the norms published by RBI.

Reason (R) Saving account is meant for individuals who wish to save some amount of money out of their incomes to safeguard their future.

Codes       

A)                                  Both (A) and (R) are true and (R) is the correct explanation of A

B)                    (A) is true, but (R) is false

C)                     Both (A) and (R) are false

D)                     Both (A) and (R) are true, but (R) is not the correct explanation of