Economics · Banking and Financial Regulations
Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): Banks globally are facing more challenges now, and macro sustainability is a necessary but not sufficient condition for sustainable economic growth. Reason (R): Putting regulation in place is only one part and its effective implementation is equally important for achieving growth and sustainability. Select the correct answer from the codes given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (A) and (R) are true and (R) is the correct explanation of (A)✓
- 2Both (A) and (R) are true but (R) is not the correct explanation of (A)
- 3(A) is true but (R) is false
- 4(A) is false but (R) is true
Correct answer
Both (A) and (R) are true and (R) is the correct explanation of (A)
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