1.

Assertion (A) :- Loans raised from Banks and Financial Institutions are categorised under Capital Receipts. Reason (R) :- Capital Receipts are non-recurring in nature. (a) Both A and R are correct and R is the correct explanation of A, (b) Both A and R are correct but R is not the correct explanation of A. (c) A is correct but R is incorrect. (d) A is incorrect but R is correct.

Answer»

Correct option is (b) Both A and R are correct but R is not the correct explanation of A. 



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