Question
Assertion (A): Microeconomics and Macroeconomics are interdependent upon each other. One can not study the two in isolation.
Reason (R): Microeconomics has a smaller degree of aggregation while Macroeconomics has a greater degree of aggregation.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is False but Reason (R) is True
d) Both of the statements are false

Answer

a)

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Assertion (A): Personal income tax and corporation tax are indirect taxes.
Reason (R): The liability to pay and burden of an indirect tax lie on different persons/entities.
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and 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.
Assertion (A): Expenditure on Ujjwala Yojana launched by the Government is an example of revenue expenditure.
Reason (R): It is the expenditure that neither created assets nor reduced liabilities of the Government.
Alternatives:
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and 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.
Assertion (A): Money supply is a stock concept.
Reason (R): Money supply is measured over a period of time.
Alternatives:-
a) Both Assertions (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) ar True and 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
Assertion (A): Unexpected obsolescence is an element of depreciation.
Reason (R): Loss of value of fixed assets owing to unexpected obsolescence is called capital loss.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is False but Reason (R) is True
d) Both of the statements are false
Assertion (A): Central Bank advises the government on different economic and monetary matters.
Reason (R): Central Bank acts as an agent of the central government.
Alternatives:-
a) Both Assertions (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and 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
Assertion (A): Savings are zero in the case of a two-sector economy.
Reason (R): Households spend the entire factor income received from firms on the consumption of goods and services.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and 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
Assertion (A): Government should reduce subsidies to curb the revenue deficit.
Reason (R): Providing subsidies on an LPG cylinder is a part of revenue expenditure.
Alternatives:
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and 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.
Assertion (A): At the Break-Even point, consumption is equal to National Income.
Reason (R): APC falls continuously with an increase in income as the proportion of income spent on consumption keeps on decreasing.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and 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
Assertion (A): Public goods possess the characteristics of non-rivalry and non-excludability.
Reason (R): Non-rival means consumption by one person does not reduce consumption for another person whereas non-excludability implies that no one can be excluded in terms of benefitting from the consumption of public goods.
Alternatives:
a) Both Assertion and Reason are true and Reason is the correct explanation of Assertion
b) Both Assertion and Reason are true and Reason is not the correct explanation of Assertion
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Assertion (A): During periods of economic downturn, central bank raises cash reserve ratio as a monetary policy tool to stabilise the economy.
Reason (R): This in turn will increase the credit creation power of the commercial banks and thus reduces the level of AD in an economy.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Both Assertion (A) and Reason (R) are false