Read the following statements carefully and choose the correct option regarding Assertion (A) and Reason (R). Assertion (A): The 1991 reforms led to the opening of the Indian economy to foreign investors. Reason (R): The government wanted to increase the domestic savings rate rapidly.

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Economics · Economic Reforms

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

A is true but R is false.

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Answer 1

Both A and R are true and R is the correct explanation of A.

Answer 2

Both A and R are true but R is not the correct explanation of A.

Answer 3

A is true but R is false.

Answer 4

A is false but R is true.

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