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Question
Assertion (A): In local Markets the buyers and sellers are limited to the local region or area.
Reason (R): A market is not restricted to one physical or geographical location.
Options
Both, A and R, are true and R is the correct explanation of A
Both, A and R, are true but R is not the correct explanation of A
If A is true but R is false
If A is false but R is true
Solution
Both, A and R, are true but R is not the correct explanation of A
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Match the following:
| A | B | ||
| 1. | Local market | a. | exceeds one crore |
| 2. | Spot market | b. | no credit system |
| 3. | Oligopoly | c. | 2009 |
| 4. | NCDRC | d. | perishable goods |
| 5. | The Legal Metrology | e. | Market form |
