Given below are two statements, one labelled as Assertion (A

582

M: +2.00/-0.50

Given below are two statements, one labelled as Assertion (A) and other as Reason (R).

Assertion (A) : Under Operation Twist, RBI simultaneously sell short-term securities and buys longterm securities.

Reason (R) : The main objective of this operation is to promote long-term investment.

Choose the correct answer from the codes given below.

Codes :

U.P. R.O./A.R.O. (Re-Exam) (Pre) 2016

[Fiscal Policy, Inflation Planning and Banking]

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)

(A) is true, but (R) is false

(A) is false, but (R) is true

...

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