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Q. Assertion : Faraday's laws are consequences of conservation of energy.
Reason : In a purely resistive A.C. circuit, the current lags behind the e.m.f. in phase.

AIIMSAIIMS 2002Alternating Current

Solution:

Faraday’s laws involve conservation of mechanical energy into electrical energy. This is in accordance with the law of conservation of energy. We also know that in pure resistance, the e.m.f. is in phase with the current.