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Question
Statement (1): Wealth can’t be transferred from one person to another.
Statement (2): Wealth has power to satisfy human wants.
Options
Both statements are true.
Both statements are false.
Statement 1 is true, Statement 2 is false.
Statement 2 is true, Statement 1 is false.
MCQ
Assertion and Reasoning
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Solution
Statement 2 is true, Statement 1 is false.
Explanation:
Wealth is defined as having the power to satisfy human wants because it possesses utility and value. Hence, Statement (2) is true.
However, wealth can indeed be transferred from one person to another e.g., selling or gifting property, so Statement (1) which says “Wealth can’t be transferred from one person to another” is false.
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