Question

Assertion (A): The year 2020 saw a very high rate of

inflations which went beyond the RBI's inflation upper tolerance limit of 6 percent. Reason (R): One of the reasons for the high inflation in 2020 was the Covid induced demand chain disruptions when the supply chain for essential goods remained unaffected. Choose the correct answer from the codes below:

A Neither (A) nor (R) is correct

B (A) is correct but (R) is wrong

C (A) is wrong but (R) is correct

D Both (A) and (R) are correct

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Assertion (A): The year 2020 saw a very high rate of

Solution