1.

In the question given below, there are two statementsmarked as Assertion (A) andReason (R). Read thestatements and choose the correct option.Assertion(A): Collateral is an asset that the borrowerowns and uses this as a guarantee to alender until the loan is repaid.Reason (R): Till the loan is repaid the asset belongs to the lender.Options:(a) Both A and R are true(b) Both are true, but R is not the correct explanation of A(c) A is correct but R is wrong(d) A is wrong but R is correct.

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ANSWER:

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