Assertion (A): Earnest money deposit usually 1% to 2% of the total estimated cost of the work.Reasoning (R): Earnest money deposit prevents unnecessary and unhealthy competition.

Assertion (A): Earnest money deposit usually 1% to 2% of the total est

1.	Assertion (A): Earnest money deposit usually 1% to 2% of the total estimated cost of the work.Reasoning (R): Earnest money deposit prevents unnecessary and unhealthy competition.
A.	Both (A) and (R) are true
B.	Both (A) and (R) are false
C.	(A) is true and (R) is false
D.	(A) is false and (R) is true
Answer» B. Both (A) and (R) are false

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Assertion (A): Earnest money deposit usually 1% to 2% of the total estimated cost of the work.Reasoning (R): Earnest money deposit prevents unnecessary and unhealthy competition.

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