Target Exam

CUET

Subject

Business Studies

Chapter

Directing

Question:

Read the following statements and mark the correct answer.

Assertion: In existing economic system, money only satisfies the self actualisation need of a person.
Reasoning: As money has the purchasing power it becomes a very important incentive for every individual.

Options:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A) is not true but Reasoning (R) is correct.

Correct Answer:

Assertion (A) is not true but Reasoning (R) is correct.

Explanation:

The correct answer is option 4- Assertion (A) is not true but Reasoning (R) is correct.

Assertion: In existing economic system, money only satisfies the self actualisation need of a person. THIS IS FALSE. In the context of existing economic system, money has become a means to satisfy the physical needs of daily life and also of obtaining social position and power.

Reasoning: As money has the purchasing power it becomes a very important incentive for every individual. THIS IS TRUE.

Thus, Assertion (A) is not true but Reasoning (R) is correct.