| Direction: In the question 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) There must be at least two persons to form a partnership and all such persons must be competent to contract. |
| Reason (R) Maximum number can be 20 in case of banking industries and 10 in case of any other business. |
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 A
Correct Answer: B
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