Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalisation and liberalisation has removed trade barriers.
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true but R is not the correct explanation of A
c)
A is correct but R is wrong
d)
A is wrong but R is correct
Correct answer is option 'D'. Can you explain this answer?

Question

Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalisation and liberalisation has removed trade barriers.

a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true but R is not the correct explanation of A
c)
A is correct but R is wrong
d)
A is wrong but R is correct

Correct answer is option 'D'. Can you explain this answer?

Answer

PPT - Liberalisation , Privatisation and Globalisation : An Appraisal

https://edurev.in/studytube/ppt-liberalisation-privatisation-and-globalisati/677746f2-7908-4976-a34c-815d85288b65_p

Answer

Assertion is wrong because RBI is providing lone to small busines man to run their business well
Reason is correct because after removing of trade barriers the small business person are facing problem because their is to much competition

Answer

D is correct

Answer

Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalization and liberalization has removed trade barriers.

Explanation:
The Indian market refers to the overall performance and growth of the economy, including various sectors such as manufacturing, services, agriculture, and trade. The Reserve Bank of India (RBI) plays a vital role in regulating and controlling the monetary policies of the country.

Reasoning behind the Assertion:
The assertion states that the Indian market is not expanding because of the RBI. However, it does not provide any specific explanation or reasoning behind this statement. Therefore, we cannot directly conclude that the RBI is responsible for the lack of market expansion.

Reasoning behind the Reason:
The reason provided states that the policy of globalization and liberalization has removed trade barriers. This implies that the opening up of the Indian economy to foreign trade and investment should have resulted in market expansion.

The policy of globalization and liberalization, which was introduced in the early 1990s, aimed to remove trade barriers such as import restrictions, licensing requirements, and foreign investment limitations. This policy shift allowed for increased competition, foreign investment, and technological advancements.

Analysis:
To analyze the assertion and reason, we need to consider the impact of the RBI on the Indian market and the role of globalization and liberalization in market expansion.

The RBI is responsible for formulating and implementing monetary policies, controlling inflation, managing exchange rates, and ensuring financial stability. Its policies influence interest rates, credit availability, and liquidity in the economy. While the RBI's actions can have an impact on the overall economic environment, it is not the sole determinant of market expansion.

On the other hand, the policy of globalization and liberalization has indeed removed trade barriers, allowing for increased trade and investment. This should theoretically lead to market expansion by creating opportunities for businesses to expand their customer base, explore new markets, and access advanced technologies.

Conclusion:
The assertion that the Indian market is not expanding because of the RBI is not adequately supported or explained. However, the reason provided - the policy of globalization and liberalization removing trade barriers - is valid and logical. Therefore, option d) 'A is wrong but R is correct' is the correct answer choice.

Similar Class 10 Doubts

Assertion: Removing barriers or restrictions set by the government on trade is known as liberalisation.Reason : This helps in the globalisation process

Direction: Mark the option which is most suitable:Assertion : The removal of barriers to trade is known as liberalization.Reason : federalization of trade allows businesses to freely decide which goods to import and export.

Direction: Mark the option which is most suitable:Assertion : Globalization leads to increased competition in international and domestic markets.Reason : Globalization also makes the consumers better off as they have a wider variety of goods to choose from at lower prices.

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