Assertion (A) : Banks keeps a small proportion of their deposits as cash with themselves.
Reason (R): This is kept to meet the loan requirements of the people.
Answers
Answered by
0
Q. Assertion (A) : Banks keeps a small proportion of their deposits as cash with themselves.
Reason (R): This is kept to meet the loan requirements of the people.
Answer: A is correct but Reason isn't the correct explanation of A.
Explanation: Banks keep a small proportion of their deposits in cash with themselves as a provision to pay the Depositors who might come to withdraw money
Similar questions