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Directions: Each of the next nine questions consists of two statements - one labeled as 'Assertion' (A) and other as 'Reason' (R). You are to examine these two statements carefully and select the correct answers. Assertion (A): During inflation - there is increase in money supply and rise in price level. Reason (R): The rise in prices is due to shortage in supply of essential consumer goods.

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Directions: Each of the next nine questions consists of two statements - one labeled as 'Assertion' (A) and other as 'Reason' (R). You are to examine these two statements carefully and select the correct answers. Assertion (A): During inflation - there is increase in money supply and rise in price level. Reason (R): The rise in prices is due to shortage in supply of essential consumer goods.






 
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