QUESTION 12: Assertion (A) Business is considered as an economic activity. 1 point
Reason (R) It involves exchange of goods and services among people in the
society.
Assertion (A) is correct, but Reason (R) is incorrect
Assertion (A) is incorrect, but Reason (R) is correct
Both Assertion (A) and Reason (R) are true, Reason (R) is the correct explanation of
Assertion (A)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct
explanation of Assertion (A)
Answers
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correct option is
Both Assertion (A) and the (R) are true , Reason (R) is the correct explanation of Assertion (A) .
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The answer of this Assertion-Reason based question is C) Both Assertion (A) and Reason (R) are true, Reason (R) is the correct explanation of Assertion (A)
Explanation:
Business is an economic Activity: Since, business relates to making money and earning profit, it is a business Activity. Hence, the assertion is true.
Business involves trade: Business deals with exchanging of goods or services among people in the society which in turn generates income. Therefore, the reason is also true and it explains the assertion correctly.
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