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Commerce · Q119

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 119

Q119

Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reason (R): RBI is encouraging e-banking.

A.
(A) is true, (R) is false
B.
(A) is false, but (R) is true
C.
Both (A) and (R) are true and (R) is the correct explanation of (A)
Answer
D.
Both (A) and (R) are true, but (R) does not support (A)

Answer: Option C

Solution

Answer: Option C
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