Reason (R): Capital account records receipts and payments of such transactions which cause an impact on asset liability status of a country in relation to rest of the world .
A. Both Assertion (A. and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C. Assertion (A) is true but Reason (R) is false.
D. Assertion (A) is false but Reason (R) is true.
Answer:B
Reason (R): Capital account records receipts and payments of such transactions which cause an impact on asset liability status of a country in relation to rest of the world .
A. Both Assertion (A. and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). B. Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A). C. Assertion (A) is true but Reason (R) is false. D. Assertion (A) is false but Reason (R) is true.