Economics · Economy
Read the following statements carefully and choose the correct option: Assertion (A): India had to approach the IMF and World Bank in 1991 for a bailout loan. Reason (R): Foreign exchange reserves had declined to the point that they could barely finance two weeks of imports.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true.
- 2A is true but R is false.
- 3Both A and R are true but R is not the correct explanation of A.
- 4Both A and R are true and R is the correct explanation of A.✓
Correct answer
Both A and R are true and R is the correct explanation of A.
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