Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reason (R): RBI is encouraging e-banking.

Here is a more detailed explanation of each option:

• Option A: (A) is true, (R) is false. This is not the correct answer because (R) is true. The RBI is encouraging e-banking, which is a form of electronic money clearance.
• Option B: (A) is false, but (R) is true. This is not the correct answer because (A) is true. Electronic money clearance through satellite networking is a feasible and efficient way to transfer money.
• Option C: Both (A) and (R) are true and (R) is the correct explanation of (A). This is not the correct answer because (R) does not support (A). The RBI’s encouragement of e-banking does not necessarily mean that the future will see mostly electronic money clearance through satellite networking. There are other possible ways to transfer money electronically, such as through the internet or through mobile phones.
• Option D: Both (A) and (R) are true, but (R) does not support (A). This is the correct answer because (A) is true and (R) is true, but (R) does not support (A).