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Business Studies · 2026 · 1 mark
CBSE 2026 · Region 3 · Set 1 · Q3
Read the following statements : Assertion (A) and Reason (R).
Assertion (A) : Holding shares in demat form is very convenient as it is
just like a bank account.
Reason (R) : Securities and Exchange Board of India (SEBI) has made
it mandatory for the settlement procedures to take place
in demat form.
Choose the correct alternative from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(C)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Marking-scheme solution
(C)
Both Assertion (A) and Reason (R) are true, but Reason (R) is
not the correct explanation of Assertion (A)
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CBSE Class 12 Business Studies past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.