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Assertion (A): We can still encounter barter system in modern economic system.
Reason (R): People exchange old clothes for utensils.Alternatives
  • a)
    Both Assertion (A) and Reason(R)aretrue and Reason (R) is the correct explanation of Assertion (A)
  • b)
    Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
  • c)
    Assertion (A) is true, but Reason (R) is false
  • d)
    Assertion (A) is false, but Reason (R) is true
Correct answer is option 'A'. Can you explain this answer?
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Assertion (A): We can still encounter barter system in modern economic...
Explanation:


Assertion (A): We can still encounter barter system in modern economic system.


Reason (R): People exchange old clothes for utensils.


The correct option is (A) as both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).


Explanation:


Barter system is an ancient mode of exchange where people used to exchange goods or services with other goods or services without the involvement of money. In modern times, barter system is not so popular as money has become the medium of exchange for goods and services. However, it is still possible to find instances of barter system in modern economic system. For example, people may exchange their old clothes for utensils, or services may be exchanged without the involvement of money. Therefore, Assertion (A) is true.


The Reason (R) that people exchange old clothes for utensils is also true and it correctly explains why Assertion (A) is true. This example shows that even in present times, people may engage in barter system to fulfil their needs. Hence, Option (A) is the correct answer.
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Assertion (A): We can still encounter barter system in modern economic...
Barter System has not really extinct as few of its forms are still visible in modern times as stated.
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Assertion (A): We can still encounter barter system in modern economic system.Reason (R): People exchange old clothes for utensils.Alternativesa)Both Assertion (A) and Reason(R)aretrue and Reason (R) is the correct explanation of Assertion (A)b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)c)Assertion (A) is true, but Reason (R) is falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'A'. Can you explain this answer?
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Assertion (A): We can still encounter barter system in modern economic system.Reason (R): People exchange old clothes for utensils.Alternativesa)Both Assertion (A) and Reason(R)aretrue and Reason (R) is the correct explanation of Assertion (A)b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)c)Assertion (A) is true, but Reason (R) is falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Assertion (A): We can still encounter barter system in modern economic system.Reason (R): People exchange old clothes for utensils.Alternativesa)Both Assertion (A) and Reason(R)aretrue and Reason (R) is the correct explanation of Assertion (A)b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)c)Assertion (A) is true, but Reason (R) is falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion (A): We can still encounter barter system in modern economic system.Reason (R): People exchange old clothes for utensils.Alternativesa)Both Assertion (A) and Reason(R)aretrue and Reason (R) is the correct explanation of Assertion (A)b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)c)Assertion (A) is true, but Reason (R) is falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Assertion (A): We can still encounter barter system in modern economic system.Reason (R): People exchange old clothes for utensils.Alternativesa)Both Assertion (A) and Reason(R)aretrue and Reason (R) is the correct explanation of Assertion (A)b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)c)Assertion (A) is true, but Reason (R) is falsed)Assertion (A) is false, but Reason (R) is trueCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
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