Assertion Reasoning Quiz

Question 1 of 5

Assertion (A): Assertion (A): Market supply is the sum of individual supply of all sellers.

Reason (R): Reason (R): Srivalli buys mangoes from her local market every week.

A Both A and R are true, and R is the correct explanation of A. B Both A and R are true, but R is not the correct explanation of A. C A is true, but R is false. D A is false, but R is true.

Select one option. Answers are shown after the test.

Question 2 of 5

Assertion (A): Assertion (A): The price of face masks rose sharply at the start of the COVID-19 pandemic.

Reason (R): Reason (R): Demand for masks rose very fast, while supply could not catch up immediately.

A Both A and R are true, and R is the correct explanation of A. B Both A and R are true, but R is not the correct explanation of A. C A is true, but R is false. D A is false, but R is true.

Select one option. Answers are shown after the test.

Question 3 of 5

Assertion (A): Assertion (A): At market equilibrium, there is no pressure for the price to rise or fall.

Reason (R): Reason (R): At equilibrium, there is neither a shortage nor a surplus in the market.

A Both A and R are true, and R is the correct explanation of A. B Both A and R are true, but R is not the correct explanation of A. C A is true, but R is false. D A is false, but R is true.

Select one option. Answers are shown after the test.

Question 4 of 5

Assertion (A): Assertion (A): Market demand is the sum of individual demand of all buyers.

Reason (R): Reason (R): Mangoes are grown mainly in the summer season in India.

A Both A and R are true, and R is the correct explanation of A. B Both A and R are true, but R is not the correct explanation of A. C A is true, but R is false. D A is false, but R is true.

Select one option. Answers are shown after the test.

Question 5 of 5

Assertion (A): Assertion (A): Roads, parks and national defence are usually provided by the government rather than private companies.

Reason (R): Reason (R): These goods do not generate direct profit for a seller.

A Both A and R are true, and R is the correct explanation of A. B Both A and R are true, but R is not the correct explanation of A. C A is true, but R is false. D A is false, but R is true.

Select one option. Answers are shown after the test.

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