Multiple Choice Questions on Assertion A Car purchased by the hotel for the purpose of tourism facilitation is a Capital Goo........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Assertion A Car purchased by the hotel for the purpose of tourism facilitation is a Capital Goo...........

Economics (CUET) National Income Accounting
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    Assertion (A): Car purchased by the hotel for the purpose of tourism facilitation is a Capital Good.

    Reason (R): The car is purchased by the hotel to provide long term service to the consumers.

     

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

    Correct Answer

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

    Incorrect Answer

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

    Incorrect Answer

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

    Incorrect Answer
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    Explanation:

    Option (1) is correct.
    Explanation: Capital goods includes those fixed or tangible assets that are purchased by producers or businesses to produce goods and services.

     

    By: Parvesh Mehta
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