Assertion (A) : Wealth of a society consists of real assets such as land, buildings, productive…
Both statements are true. A society's real assets provide its productive capacity, while the broader category of assets also includes financial claims; such claims do not…
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Assertion (A) : Wealth of a society consists of real assets such as land, buildings, productive equipment.
Reason (R) : Assets refer to tangible assets and financial assets.
Answer and explanation
Correct answer D
Both statements are true. A society's real assets provide its productive capacity, while the broader category of assets also includes financial claims; such claims do not create additional real wealth when claims and liabilities within society are consolidated.
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Telangana SET (TG SET)