Vidyalelo
Commerce · Q148

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 148

Q148

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

A.
(A) is true, but (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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