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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): The policy of import substitution focuses on saving foreign exchange.
Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .
- 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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Directions: In the following questions, a statement of assertion (A) ...
Import substitution is a strategy under trade policy that abolishes the import of foreign products and encourages production in the domestic market. The purpose of this policy is to change the economic structure of the country by replacing foreign goods with domestic goods.
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Directions: In the following questions, a statement of assertion (A) ...
Explanation:
Assertion (A) and Reason (R) Analysis:
- The assertion (A) is true because the main goal of import substitution policy is to save foreign exchange by producing goods domestically instead of importing them.
- The reason (R) is also true because import substitution policy requires domestic production of goods that are currently being imported from other countries.
Relationship between Assertion and Reason:
- Both the assertion and reason are true, but the reason is not the correct explanation of the assertion. While the reason provides additional context and supports the assertion, it does not directly explain why saving foreign exchange is the focus of import substitution policy.
Conclusion:
- Therefore, option (B) is the correct choice for this question as both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
Assertion (A) and Reason (R) Analysis:
- The assertion (A) is true because the main goal of import substitution policy is to save foreign exchange by producing goods domestically instead of importing them.
- The reason (R) is also true because import substitution policy requires domestic production of goods that are currently being imported from other countries.
Relationship between Assertion and Reason:
- Both the assertion and reason are true, but the reason is not the correct explanation of the assertion. While the reason provides additional context and supports the assertion, it does not directly explain why saving foreign exchange is the focus of import substitution policy.
Conclusion:
- Therefore, option (B) is the correct choice for this question as both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
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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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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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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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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?.
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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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?.
Solutions 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): The policy of import substitution focuses on saving foreign exchange.Reason (R): Import substitution policy requires that we domestically produce such goods which we are importing from the rest of the world .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? in English & in Hindi are available as part of our courses for Commerce.
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