The statements are given below as Assertion (A) and Reason (R). Read the statement and choose the most appropriate option:

Assertion (A): Money in your pocket cannot buy all the goods and services that you may need to live well.

Reason (R): Income by itself is a completely adequate indicator of material goods and services that citizens are able to use.

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Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true but Reason (R) is false

Assertion (A) is false but Reason (R) is true

answer is C.

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Detailed Solution

Assertion (A) is true, but Reason (R) is false.
The goods and services you might require to live well are beyond the reach of money. Consequently, income is not a perfect predictor of citizens' availability of material goods and services. For instance, unless you can afford to relocate to a community that already has everything you need, your money typically cannot provide you with a pollution-free environment or guarantee that you will receive unadulterated medicines. Additionally, unless your entire community takes preventive measures, money might not be able to shield you from contagious diseases. Just as we cannot purchase knowledge with cash, we cannot purchase good health with money, and we cannot buy a pollution-free environment; to acquire knowledge, we must read books.

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