Direction: Each of the questions given below have two statement - I and II. Mark the answer from (a) to (e), depending on the cause and effect relationship between the two statements.
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I The Reserve Bank of india reduced the interest rates.
II Housing loans witnessed an increase.
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- If I is the immediate cause and II is its effect.
- If II is the immediate cause and I is its effect.
- If I is the effect but II is not its direct/immediate cause.
- If II is the effect but I is not its direct/immediate cause.
- If both I and II are effects of independent cause.
Correct Option: A
Because the interest rates were reduced, more people took housing loans.