Read the given Assertion (A) and Reason (R) and select the correct option: Assertion (A): Bank rate is also explicitly referred to as the credit rate. Reasoning (R): Commercial banks need funds to expand credit facilities to their clients, especially during busy seasons.

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Banking · Monetary Policy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Assertion (A) is false but Reason (R) is true.

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Answer 1

Assertion (A) is false but Reason (R) is true.

Answer 2

Assertion (A) is true but Reason (R) is false.

Answer 3

Both Assertion (A) and Reason (R) are true but Reason (R) is NOT the correct explanation of Assertion (A).

Answer 4

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

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