December 2014

1:

Assertion (A): Investors in capital market seem to be inclined for fixed income securities.

Reason (R): Debt instruments now have active secondary market.

 

A.

Assertion (A) and Reason (R) both are correct and (R) is correct explanation of (A).

B.

Assertion (A) and Reason (R) both are correct, but (R) is not correct explanation of (A).

C.

Assertion (A) is correct, but Reason (R) is incorrect.

D.

Assertion (A) is not correct, but Reason (R) is correct.

 

Answer : C

Explanation :

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Option: A

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