1.

Assertion (A): There was oversubscription for shares of the company.Reason (R):The applicants for 1,60,000 shares were not allotted and their application money refunded.(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A)(B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanationof Assertion (A)(C) Assertion (A) is true but Reason (R) is false.(D) Assertion (A) is false but Reason (R) is true.

Answer»

Correct option is (C) Assertion (A) is true but Reason (R) is false.



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