Economics · Economic Reforms
Read the statements marked as Assertion (A) and Reason (R) and choose the correct option: Assertion (A): India's foreign exchange reserves increased sharply after the 1991 reforms. Reason (R): Trade liberalisation led to higher exports and capital inflows.
- 1Both A and R are true and R is the correct explanation of A✓
- 2Both A and R are true but R is not the correct explanation of A
- 3A is true but R is false
- 4A is false but R is true
Correct answer
Both A and R are true and R is the correct explanation of A
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