Question

1. In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read
the statements and choose the correct option:
Assertion (A): Periodically, banks have to submit information to the finance Minister on how much
they are lending, to whom, at what interest rate, etc.
Reason (R): The finance Minister monitors the banks in actually maintaining cash balance.
Options :
(a) Beth (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A).
(c) (A) is correct but (R) is wrong.
(d) Both (A) and (R) are wrong.
​

Answer 1

Answer:D option .

Explanation:

Because RBI Monitors the activities of banks

Answer 2

In the given question, Both the assertion and the reason are wrong. So, option (iv) is the correct answer.

• The assertion "Periodically, banks have to submit information to the finance Minister on how much  they are lending, to whom, at what interest rate, etc." is incorrect as all the national banks have to submit their data and status to the Reserved Bank Of India (RBI) annually for assessment.
• The reason "The finance Minister monitors the banks in actually maintaining cash balance." is incorrect as the RBI is responsible for monitoring the banks and all the cash balancing.
• Eventually the RBI send the report to the finance minister.
• So, both the assertion and reasoning are incorrect.