SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assertion(A):There are several goods and services that the society needs; however, the private sector does not produce all of them.
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Both A and R are true and R is the correct explanation of A.
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Both A and R are true and R is not the correct explanation of A.
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Assertion is true, but reason is false.
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Assertion is false, but reason is true.
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Explanation:
Detailed explanation-1: -the society needs; however, the private sector does not produce all of them. Reason : Private sector is profit driven. Ans : (a) Both assertion and reason are true, and reason is the correct explanation of assertion. Some of the services such as defense require a lot of spending and do not provide any profit.
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