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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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.
Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.
- 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 'C'. Can you explain this answer?
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Directions: In the following questions, a statement of assertion (A) ...
Tariffs and quotas are both ways for governments to protect domestic firms and industries. Both of these economic trade tactics ultimately lead to higher prices of goods and fewer choices or quantity of imported goods for the consumer. Because of higher prices, consumers ultimately can buy fewer goods and services.
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Directions: In the following questions, a statement of assertion (A) ...
Assertion: Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.
Reason: Our planners wanted to use foreign exchange for importing luxury goods.
Explanation:
Tariffs and quotas were implemented in the economic policy post-Independence to protect and promote domestic industries. This assertion is true because the government wanted to encourage the growth of domestic industries and reduce reliance on imported goods. By imposing tariffs and quotas on imported goods, the government aimed to make domestic products more competitive and stimulate the growth of local industries.
The reason given, that our planners wanted to use foreign exchange for importing luxury goods, is false. The objective of implementing tariffs and quotas was not to prioritize the import of luxury goods but to protect domestic industries and reduce dependence on imports in general. The government wanted to promote self-sufficiency and develop domestic industries to boost the economy.
The correct answer is option 'C' because the assertion is true, but the reason given is false. The reason does not explain the purpose of implementing tariffs and quotas in the economic policy post-Independence accurately.
In summary:
- Assertion (A): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.
- Reason (R): Our planners wanted to use foreign exchange for importing luxury goods.
- The assertion is true because tariffs and quotas were indeed used to support domestic industries.
- The reason is false because the objective was not to prioritize the import of luxury goods but to promote self-sufficiency and reduce dependence on imports in general.
Reason: Our planners wanted to use foreign exchange for importing luxury goods.
Explanation:
Tariffs and quotas were implemented in the economic policy post-Independence to protect and promote domestic industries. This assertion is true because the government wanted to encourage the growth of domestic industries and reduce reliance on imported goods. By imposing tariffs and quotas on imported goods, the government aimed to make domestic products more competitive and stimulate the growth of local industries.
The reason given, that our planners wanted to use foreign exchange for importing luxury goods, is false. The objective of implementing tariffs and quotas was not to prioritize the import of luxury goods but to protect domestic industries and reduce dependence on imports in general. The government wanted to promote self-sufficiency and develop domestic industries to boost the economy.
The correct answer is option 'C' because the assertion is true, but the reason given is false. The reason does not explain the purpose of implementing tariffs and quotas in the economic policy post-Independence accurately.
In summary:
- Assertion (A): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.
- Reason (R): Our planners wanted to use foreign exchange for importing luxury goods.
- The assertion is true because tariffs and quotas were indeed used to support domestic industries.
- The reason is false because the objective was not to prioritize the import of luxury goods but to promote self-sufficiency and reduce dependence on imports in general.
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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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. 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): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.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 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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