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Statement: Should India encourage exports, when most things are insufficient for internal use itself?
Arguments 1: Yes, We have to earn foreign exchange to pay for our imports.
Argument 2: No. Even selective encouragement would lead to shortages.
Arguments 1: Yes, We have to earn foreign exchange to pay for our imports.
Argument 2: No. Even selective encouragement would lead to shortages.
- a)Only argument I is strong
- b)Only argument II is strong
- c)Neither I nor II is strong
- d)Both I and II are strong
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Statement:Should India encourage exports, when most things are insuffi...
Both are strong. First is simple and straightforward. It is also true. Second is also correct, specially when seen in the light of the fact that the question itself states that there are shortages for internal use itself.
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Statement:Should India encourage exports, when most things are insuffi...
Statement: Should India encourage exports, when most things are insufficient for internal use itself?
Arguments:
Yes, We have to earn foreign exchange to pay for our imports.
No. Even selective encouragement would lead to shortages.
The correct answer is option 'D', Only argument I is strong.
Explanation:
Argument I: Yes, We have to earn foreign exchange to pay for our imports.
- This argument is strong because India heavily relies on imports for various goods and services. In order to pay for these imports, India needs to earn foreign exchange. Encouraging exports is one of the ways to earn foreign exchange. By exporting goods and services, India can generate revenue in foreign currencies, which can be used to pay for imports and reduce the trade deficit. This is crucial for maintaining a healthy balance of payments and ensuring the stability of the economy.
Argument II: No. Even selective encouragement would lead to shortages.
- This argument is not strong because it assumes that encouraging exports would lead to shortages of goods for internal use. However, this assumption is not necessarily true. Encouraging exports does not imply exporting all goods and leaving nothing for internal use. It simply means promoting and facilitating the sale of surplus goods and services in the international market. By exporting goods that are in surplus, India can utilize its resources efficiently and generate additional revenue. This can lead to economic growth and development, which can ultimately benefit the domestic market as well.
In conclusion, while argument II raises a concern about potential shortages, it is not a strong argument as it overlooks the fact that encouraging exports can help India earn foreign exchange and improve its balance of payments. Therefore, only argument I is strong in support of India encouraging exports.
Arguments:
Yes, We have to earn foreign exchange to pay for our imports.
No. Even selective encouragement would lead to shortages.
The correct answer is option 'D', Only argument I is strong.
Explanation:
Argument I: Yes, We have to earn foreign exchange to pay for our imports.
- This argument is strong because India heavily relies on imports for various goods and services. In order to pay for these imports, India needs to earn foreign exchange. Encouraging exports is one of the ways to earn foreign exchange. By exporting goods and services, India can generate revenue in foreign currencies, which can be used to pay for imports and reduce the trade deficit. This is crucial for maintaining a healthy balance of payments and ensuring the stability of the economy.
Argument II: No. Even selective encouragement would lead to shortages.
- This argument is not strong because it assumes that encouraging exports would lead to shortages of goods for internal use. However, this assumption is not necessarily true. Encouraging exports does not imply exporting all goods and leaving nothing for internal use. It simply means promoting and facilitating the sale of surplus goods and services in the international market. By exporting goods that are in surplus, India can utilize its resources efficiently and generate additional revenue. This can lead to economic growth and development, which can ultimately benefit the domestic market as well.
In conclusion, while argument II raises a concern about potential shortages, it is not a strong argument as it overlooks the fact that encouraging exports can help India earn foreign exchange and improve its balance of payments. Therefore, only argument I is strong in support of India encouraging exports.
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Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer?.
Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Statement:Should India encourage exports, when most things are insufficient for internal use itself?Arguments 1: Yes,We have to earn foreign exchange to pay for our imports.Argument 2:No. Even selective encouragement would lead to shortages.a)Only argument I is strongb)Only argument II is strongc)Neither I nor II is strongd)Both I and II are strongCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT.
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