The relation given is $ R = \{(a,b); 1ab>0; a,b ∈ R \} $
I clearly understand that this is symmetric since $a*b = b*a$ but I'm not able to understand that why is this reflexive also and not at all transitive. (Would be great if you can explain with the roster form of the given relation in set-builder form.)
It's not reflexive. $0\times 0\not\gt 0$.
It IS transitive. If $ab \gt 0$ then $a,b$ have the same sign. If $bc\gt 0$ then $b,c$ have the same sign and thus $a,c$ have the same sign and $ac\gt0$.