Economics · Economic Reforms 1991
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The 1991 economic reforms shifted the primary emphasis for public enterprises from continuous expansion to efficiency, restructuring, and competitiveness. Reason R: The 1970s and 1980s witnessed the emergence of significant problems within public enterprises, including inefficiency, low productivity, overstaffing, and financial losses. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct but R is NOT the correct explanation of A
- 2A is correct but R is not correct
- 3A is not correct but R is correct
- 4Both A and R are correct and R is the correct explanation of A✓
Correct answer
Both A and R are correct and R is the correct explanation of A
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