Question

Assertion (A): Banks provide timely assistance to business by providing funds as and when
required.
Reason (R): Secrecy of business is not maintained as the information supplied to the bank by
borrowers is not kept confidential.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect
(d) (A) is incorrect but (R) is correct.

Answer 1

Answer:

what is the question I can't understand what you want to ask

Answer 2

(c) Assertion: Banks provide timely assistance to businesses by providing funds as and when required is correct but (R) is incorrect.

• Secrecy of business can be maintained as the information supplied to the bank by the borrowers is kept confidential
• Formalities such as the issue of prospectus and underwriting are not required for raising loans from a bank.