Question

16. 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): Collateral is an asset that the borrowerowns and provides this as a guarantee
to the lender until the loan is repaid.
Reason (R): Until the loan is repaid, the asset belongs to the tender.
Options:
(a) Both (A) and (R) are true
(b) Both are true but (R) is not the correct explanation of (A)
(c) (A) is correct but (R) is wrong.
(d) (A) is wrong but (R) is correct​

Answer 1

Answer:

a) both A and R are true

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