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Direction: Mark the option which is most suitable:
Assertion : The terms of deposit are same for all credit arrangements.
Reason : Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.
  • a)
    If Both assertion and reason are true, and reason is the correct explanation of assertion.
  • b)
    If Both assertion and reason are true, but reason is not the correct explanation of assertion.
  • c)
    If Assertion is true, but reason is false.
  • d)
    If Both assertion and reason are false.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Direction: Mark the option which is most suitable:Assertion : The ter...
The terms of credit vary substantially from one credit arrangement to another. They may vary depending on the nature of the lender and the borrower.
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Most Upvoted Answer
Direction: Mark the option which is most suitable:Assertion : The ter...
Assertion: The terms of deposit are same for all credit arrangements.
Reason: Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.

Explanation:
The correct answer for this question is option 'D' - Both assertion and reason are false.

The assertion states that the terms of deposit are the same for all credit arrangements. However, this statement is not accurate. The terms of deposit can vary depending on the specific credit arrangement. Different credit arrangements can have different requirements and conditions for deposits. For example, a mortgage loan may require a larger deposit compared to a personal loan.

The reason provided states that credit arrangements are complex processes, and the same terms of deposits are used to remove the complexities. This reason is also incorrect. While credit arrangements can be complex, using the same terms of deposits for all arrangements would not necessarily simplify the process. Each credit arrangement may have unique considerations and factors that need to be taken into account when determining the terms of deposit. Using the same terms for all arrangements could potentially lead to unfair or inappropriate conditions for certain types of credit.

In summary, both the assertion and reason are false. The terms of deposit can vary for different credit arrangements, and using the same terms for all arrangements would not necessarily simplify the process or remove complexities.
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Direction: Mark the option which is most suitable:Assertion : The terms of deposit are same for all credit arrangements.Reason : Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?
Question Description
Direction: Mark the option which is most suitable:Assertion : The terms of deposit are same for all credit arrangements.Reason : Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Direction: Mark the option which is most suitable:Assertion : The terms of deposit are same for all credit arrangements.Reason : Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Mark the option which is most suitable:Assertion : The terms of deposit are same for all credit arrangements.Reason : Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?.
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