Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? Assertion (A) Current account are opened by business. These are also known as demand deposit account. Reason (R) Because they are payable on demand by the depositors. Codes

• A.                                  Both (A) and (R) are true and (R) is the correct explanation of A
• B.                    (A) is true, but (R) is false
• C.                     Both (A) and (R) are false
• D.  Both (A) and (R) are true, but (R) is not the correct explanation of