Economics · Economy
Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): Manufacture involves the emergence of a new commercial product having a distinct name, character, or use. Reason (R): Specific processes such as labeling or repacking are treated as 'deemed manufacture' under statutory excise provisions. Select the correct answer using the options below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false, but R is true
- 2A is true, but R is false
- 3Both A and R are true, but R is not the correct explanation of A✓
- 4Both A and R are true, and R is the correct explanation of A
Correct answer
Both A and R are true, but R is not the correct explanation of A
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