UPPCS · Question 116

Given below are two statements, one labelled as Assertion (A) and the other as Reason (R). Assertion (A): The value of national currency determined by demand and supply of foreign currency is called flexible exchange rate. Reason (R): Demand and supply of the foreign currency is being determined by the Central Bank. Select the correct answer using the code given below.

1. ABoth (A) and (R) are true and (R) is the correct explanation of (A)
2. B(A) is false, but (R) is true
3. CBoth (A) and (R) are true, but (R) is not the correct explanation of (A)
4. D(A) is true, but (R) is false