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 a time-bound investment activity; the project cycle links one phase to the next.

Answer 1

The Correct Option is A

Step 1: Understanding the Question:

• The question gives an Assertion (A) about the definition of a project and a Reason (R) about the project cycle.

Step 2: Detailed Explanation:

• Assertion (A) is correct: a project is a specific investment activity with a defined time period.

• Reason (R) is correct: the project is treated as a cycle because each phase grows out of the preceding phase and leads into the subsequent phase.

• (R) explains why a project is viewed as a time-bound sequence of linked phases, so it is the correct explanation of (A).

Step 3: Final Answer:
The correct option is (A) Both (A) and (R) are correct and (R) is the correct explanation of (A).