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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) : Banks give loans not only to profit making businesses but also to small cultivators.
Reason (R) : The RBI supervises the functioning of formal sources of loans.
  • a)
    Both (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)
    (A) is wrong but (R) is correct
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In the question given below, there are two statements marked as Asser...
The Reserve Bank of India supervises the functions of banks in the following ways: It ensures that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, to small borrowers etc.
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Most Upvoted Answer
In the question given below, there are two statements marked as Asser...
Assertion and Reasoning

Assertion (A): Banks give loans not only to profit making businesses but also to small cultivators.
Reasoning (R): The RBI supervises the functioning of formal sources of loans.

Explanation:
• Assertion (A) is true as banks provide loans to both profit-making businesses and small cultivators. Banks have different types of loans such as personal loans, educational loans, agriculture loans, etc.
• Reasoning (R) is also true as the Reserve Bank of India (RBI) supervises and regulates the functioning of formal sources of loans such as banks and financial institutions. RBI ensures that banks follow the guidelines and policies related to loans, interest rates, and other financial matters.

Conclusion:
• Both the Assertion (A) and Reasoning (R) are true.
• Reasoning (R) correctly explains the Assertion (A).
• Therefore, the correct option is (A) - Both (A) and (R) are true, and (R) is the correct explanation of (A).
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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) : Banks give loans not only to profit making businesses but also to small cultivators.Reason (R) : The RBI supervises the functioning of formal sources of loans.a)Both (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)(A) is wrong but (R) is correctCorrect answer is option 'A'. Can you explain this answer?
Question Description
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