1.

Assertion (AS): The prices of Government securities in gift-edged market are not formed freely.Reason (R): The Reserve Bank of India has a monopoly dealer position and the demand for Government securities has a captive nature.Codes:

A. (AS) is true, but (R) is false.
B. Both (AS) and (R) are correct, but (R) is not the correct explanation of (AS).
C. (AS) is not correct, but (R) is correct.
D. Both (AS) and (R) are correct and (R) is the correct explanation of (AS).
Answer» E.


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