Economics · Economic Reforms
Consider the following statements: Assertion (A): According to the New Economic Policy, Globalisation is considered as an instrument of growth. Reason (R): Globalisation increases the cost of transport and communication. Choose the correct option:
- 1(A) is correct but (R) is wrong✓
- 2(A) is wrong but (R) is correct
- 3Both (A) and (R) are wrong
- 4Both (A) and (R) are correct and (R) is the correct explanation of (A)
Correct answer
(A) is correct but (R) is wrong
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