Class 10 Exam > Class 10 Questions > There are two statements given below marked a...
Start Learning for Free
There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.
Assertion (A): Terms of credit vary substantially from one credit arrangement to another.
Reason (R): Terms of credit vary depending on the nature of lender and the borrower.
Assertion (A): Terms of credit vary substantially from one credit arrangement to another.
Reason (R): Terms of credit vary depending on the nature of lender and the borrower.
- 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 explanatory of A.
- c)A is true and R is False
- d)A is False and R is True
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
There are two statements given below marked as Assertion (A) and Reaso...
Assertion (A): Terms of credit vary substantially from one credit arrangement to another.
Reason (R): Terms of credit vary depending on the nature of lender and the borrower.
The correct answer is option A, which states that both Assertion (A) and Reason (R) are true and R is the correct explanation of A.
Explanation:
Terms of credit: Terms of credit refer to the conditions and agreements that are agreed upon between the lender (creditor) and the borrower. These terms include the interest rate, repayment period, collateral requirements, penalties for late payment, etc.
Variation in credit arrangements: Credit arrangements can vary significantly depending on various factors such as the type of lender, the creditworthiness of the borrower, and the purpose of the credit. For example:
1. Type of lender: Different types of lenders, such as banks, credit unions, microfinance institutions, and private lenders, may have different terms of credit. Banks, being regulated financial institutions, often have stricter terms compared to private lenders.
2. Creditworthiness of the borrower: The terms of credit can also vary depending on the creditworthiness of the borrower. A borrower with a good credit history and high credit score may be offered more favorable terms compared to a borrower with a poor credit history.
3. Purpose of credit: The purpose for which the credit is being sought can also influence the terms. For example, a business loan may have different terms compared to a personal loan. The lender may consider factors such as the potential profitability of the business or the stability of income in the case of a personal loan.
Explanation of Assertion (A) and Reason (R):
Assertion (A) states that terms of credit vary substantially from one credit arrangement to another, which is true based on the reasons mentioned above. The terms of credit can differ based on the type of lender, the creditworthiness of the borrower, and the purpose of the credit.
Reason (R) states that terms of credit vary depending on the nature of lender and the borrower, which is also true. The nature of the lender, whether it is a bank, credit union, or private lender, can impact the terms of credit. Similarly, the creditworthiness of the borrower, including factors such as credit history and credit score, can also influence the terms.
Therefore, both Assertion (A) and Reason (R) are true, and Reason (R) correctly explains Assertion (A).
Reason (R): Terms of credit vary depending on the nature of lender and the borrower.
The correct answer is option A, which states that both Assertion (A) and Reason (R) are true and R is the correct explanation of A.
Explanation:
Terms of credit: Terms of credit refer to the conditions and agreements that are agreed upon between the lender (creditor) and the borrower. These terms include the interest rate, repayment period, collateral requirements, penalties for late payment, etc.
Variation in credit arrangements: Credit arrangements can vary significantly depending on various factors such as the type of lender, the creditworthiness of the borrower, and the purpose of the credit. For example:
1. Type of lender: Different types of lenders, such as banks, credit unions, microfinance institutions, and private lenders, may have different terms of credit. Banks, being regulated financial institutions, often have stricter terms compared to private lenders.
2. Creditworthiness of the borrower: The terms of credit can also vary depending on the creditworthiness of the borrower. A borrower with a good credit history and high credit score may be offered more favorable terms compared to a borrower with a poor credit history.
3. Purpose of credit: The purpose for which the credit is being sought can also influence the terms. For example, a business loan may have different terms compared to a personal loan. The lender may consider factors such as the potential profitability of the business or the stability of income in the case of a personal loan.
Explanation of Assertion (A) and Reason (R):
Assertion (A) states that terms of credit vary substantially from one credit arrangement to another, which is true based on the reasons mentioned above. The terms of credit can differ based on the type of lender, the creditworthiness of the borrower, and the purpose of the credit.
Reason (R) states that terms of credit vary depending on the nature of lender and the borrower, which is also true. The nature of the lender, whether it is a bank, credit union, or private lender, can impact the terms of credit. Similarly, the creditworthiness of the borrower, including factors such as credit history and credit score, can also influence the terms.
Therefore, both Assertion (A) and Reason (R) are true, and Reason (R) correctly explains Assertion (A).
Free Test
FREE
| Start Free Test |
Community Answer
There are two statements given below marked as Assertion (A) and Reaso...
Both A and R are true and R is the correct explanations of A.
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
|
Explore Courses for Class 10 exam
|
|
Similar Class 10 Doubts
Top Courses for Class 10View all
There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer?
Question Description
There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. 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 There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. 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 There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer?.
There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. 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 There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. 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 There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer?.
Solutions for There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and 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 10.
Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.Assertion (A): Terms of credit vary substantially from one credit arrangement to another.Reason (R): Terms of credit vary depending on the nature of lender and the borrower.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 explanatory of A.c)A is true and R is Falsed)A is False and R is TrueCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
|
|
Explore Courses for Class 10 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup