Question

Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): Project refers to specific investment activity with specific time period.
Reason (R): Project is treated as cycle because each phase not only grows out of the preceding phase but leads into subsequent phase.

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

Hint:

A project is often called the "cutting edge" of development. The cycle is what ensures this edge stays sharp through continuous feedback and learning.

Answer 1

The Correct Option is B

Concept: A project is a non-repetitive activity defined by its scope, time, and budget. The project cycle represents the logical sequence of stages involved in project management.

Step 1: Evaluate Assertion (A).
Gittinger defines an agricultural project as a specific investment activity with a clear beginning and end, designed to achieve a specific objective. (A) is correct.

Step 2: Evaluate Reason (R).
The "cycle" concept refers to the interdependency of stages (identification leads to formulation, which leads to appraisal, etc.). It is often circular because the evaluation of one project leads to the conception of the next. (R) is correct.

Step 3: Conclusion.
While both statements are factually true descriptions of projects, the sequential nature of the cycle (Reason) is not the "reason" why a project is an investment activity (Assertion). They are two independent characteristics.