Read the following statements and mark the correct answer. Assertion: In existing economic system, money only satisfies the self actualisation need of a person. |
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. |
Assertion (A) is not true but Reasoning (R) is correct. |
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. |