Question 3 - Assertion Reasoning - Chapter 2 Class 10 Economics - Sectors of the Indian Economy - Economics

Assertion (A): Banking sector in India falls under the category of organised sector.

Reason (R): Terms of work are already decided in banking and employees enjoy job security.

Answer:

The banking sector in India falls under the category of the organized sector. Employees of this sector have job security i.e. they cannot be fired without any proper reasons and will also receive a pension when they retire at the age of 60 or 65. So , terms of work are already decided in banking and employees enjoy job security. 

Therefore, 

• Assertion (A): The banking sector in India falls under the category of the organized sector. This is true
• Reasoning (R): Terms of work are already decided in banking and employees enjoy job security. This is true .
• Banking sector falls under the organized sector because terms of work are already decided in banking and employees enjoy job security. So, the reasoning is a correct explanation of the assertion.

Thus,

• Assertion is true .
• Reasoning is true
• But the reasoning is a correct explanation of Assertion. 

So, the correct answer is (A)