Read the following statements – Assertion (A) and Reason (R). Choose the correct option given below:
Assertion (A): China has used the market mechanism to create additional social and economic opportunities for its citizens.
Reason (R): Social infrastructure creation by the government has brought positive results in human development indicators in China.
Assertion (A): China's market reforms have fueled economic expansion and generated social benefits, including increased employment and improved income distribution.
Reason (R): Investments in social infrastructure, such as education and healthcare, by the Chinese government have enhanced human development.
Explanation: While Reason (R) accurately describes government initiatives, it does not fully elucidate the market's contribution to social and economic opportunities.
Identify the incorrect feature(s) of money supply (\(M_1\)) from the following:
(i) It is measured at a point of time.
(ii) It does not include stock of money held by the government.
(iii) It is always the currency in the hands of the Central Bank of a nation.