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Read the following statements -Assertion (A) and Reason(R), choose one of the correct alternatives given below: Assertion (A): Trade of invisible items between two nations is a part of capital account of Balance of Payment Reason(R): Transactions that affect the asset-liability status of a country in relation to the rest of the world are known as Capital Account transaction.Alternatives: a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A). c) Assertion (A) is true but Reason (R)is false. d) Assertion (A) is false but Reason (R)is true. |
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Answer» d) Assertion (A) is false but Reason (R)is true. |
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