Question

Assertion (A): There was oversubscription for shares of the company.

Reason (R):The applicants for 1,60,000 shares were not allotted and their application money refunded.

(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 1

Correct option is (C) Assertion (A) is true but Reason (R) is false.