Economics · Economy
Read the following Assertion (A) and Reason (R) and choose the correct option: Assertion (A): Import substitution was adopted by India during the initial planning periods. Reason (R): The policy aimed to shield infant domestic industries from foreign competition.
- 1A is false but R is true
- 2A is true but R is false
- 3Both A and R are true but R does not explain A
- 4Both A and R are true and R explains A✓
Correct answer
Both A and R are true and R explains A
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