Vidyalelo
Commerce · Q16

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 16

Q16

Assertion (A): The Central Bank of the country is responsible to maintain stability of the monetary standard which involves currency circulation. Reason (R): The Central Bank is the only authorised entity to do so.

A.
Both (A) and (R) are true
B.
Both (A) and (R) are false
C.
(A) is true, but (R) is false
Answer
D.
(R) is true, but (A) is false

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board