Banking and Financial Institutions

1: Assertion (A). Bank have control over a large part of the supply of money in circulation. Reason (R). They cannot influence the nature and character of production in any country.
A.
Both (A) and (R) are true and (R) is correct explanation of (A).
B.
(A) is true but (R) is false and it is not correct explanation of (A).
C.

(R) is true but (A) is false.

D.

(A) is true but (B) is false

 

Answer : B

Explanation :

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Option: A

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