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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): India adopted import substitution policy during the first seven Five-year plans precisely.
Reason (R): Import substitution was to substitute the imports of our economy with domestic production.
  • a)
    Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).
  • b)
    Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).
  • c)
    Assertion (A) is true but reason (R) is false.
  • d)
    Assertion (A) is false but reason (R) is true.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Directions: In the following questions, a statement of assertion (A) ...
India adopted import substitution policy during the first seven Five-year plans precisely to protect domestic industries.
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Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
Explanation:
Assertion (A) and reason (R) are both correct in this case, but the reason is not the correct explanation of the assertion. Let's break it down:

Assertion (A):
India did adopt the import substitution policy during the first seven Five-year plans. This policy aimed to promote domestic production by substituting imported goods with goods produced within the country.

Reason (R):
The reason provided is also true. Import substitution was indeed implemented to reduce the dependency on imports and boost domestic production. However, the reason alone does not directly explain why India adopted this policy during the first seven Five-year plans.

Conclusion:
In this case, both the assertion and reason are correct, but the reason does not provide a correct explanation for the assertion. Therefore, option (B) is the correct choice.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): India adopted import substitution policy during the first seven Five-year plans precisely.Reason (R): Import substitution was to substitute the imports of our economy with domestic production.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'B'. Can you explain this answer?
Question Description
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): India adopted import substitution policy during the first seven Five-year plans precisely.Reason (R): Import substitution was to substitute the imports of our economy with domestic production.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): India adopted import substitution policy during the first seven Five-year plans precisely.Reason (R): Import substitution was to substitute the imports of our economy with domestic production.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): India adopted import substitution policy during the first seven Five-year plans precisely.Reason (R): Import substitution was to substitute the imports of our economy with domestic production.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'B'. Can you explain this answer?.
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