Question

Read the following statements - Assertion and Reason (R). Choose the correct alternative given below:
Assertion : Full employment situation refers to absence of involuntary unemployment.
Reason (R): Under full employment situation, all the willing and able-bodied people get employment at the prevailing wage rate.

• 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, but 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.

Hint:

For assertion-reason questions, carefully evaluate the logical connection between the assertion and the reason to determine if one explains the other.

Answer 1

The Correct Option is A

Step 1: Analyzing the Assertion.
Assertion (A) is true because full employment implies that there is no involuntary unemployment, meaning all individuals willing and able to work at the prevailing wage rate are employed.
Step 2: Analyzing the Reason.
Reason (R) correctly explains Assertion (A) as it provides the underlying rationale for the absence of involuntary unemployment under full employment.
Step 3: Conclusion.
Since both Assertion (A) and Reason (R) are true, and Reason (R) correctly explains Assertion (A), the answer is \( \mathbf{(A)} \).