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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: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.
Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.
  • a)
    Both (A) and (R) are true, but (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 true, but (R) is false.
  • d)
    (A) is false, but (R) is true.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Directions: In the following questions, a statement of Assertion (A) ...
The main purpose of liberalization of trade and investment in 1991 was to increase the international competitiveness of industrial production and to motivate foreign investment and technology so as to reduce the burden of debt. Also, they aimed to promote efficiency of local industries.
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Directions: In the following questions, a statement of Assertion (A) ...
Assertion: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.

Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.

Explanation:

The assertion states that in 1991, India implemented economic reforms to address a financial crisis and stimulate economic growth. These reforms aimed to de-regulate various sectors, including trade and foreign investment.

The reason provided supports the assertion by stating that the deregulation of these sectors created new opportunities for both local and foreign trade. As a result, it is expected that this would lead to the creation of new employment opportunities.

Analyzing the Assertion and Reason:

- The assertion is true. In 1991, India did implement a series of economic reforms known as the New Economic Policy (NEP) to address a severe balance of payments crisis and promote economic growth. These reforms focused on liberalizing and de-regulating various sectors, including trade and foreign investment.

- The reason is also true. The de-regulation of trade and foreign investment, as a part of the economic reforms, did open up new opportunities for both local and foreign trade. This led to increased trade activities, which in turn had the potential to create new employment opportunities.

- The reason provided is a correct explanation of the assertion. The de-regulation of sectors, such as trade and foreign investment, aimed to promote economic growth by enhancing trade activities. The increase in trade activities can contribute to job creation and the hope of new employment opportunities.

Therefore, the correct answer is option A: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
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Direction: Read the case study given below and answer the questions that follow:Equity refers to making equal access to opportunities available to everybody. The opportunities available to people must be equal irrespective of their gender, race, income and in the Indian case, caste. Yet this is very often not the case and happens in almost every society. For example, in any country, it is interesting to see which group the most of the school dropouts belong to. This should then lead to an understanding of the reasons for such behaviour. In India, a large number of women and persons belonging to socially and economically backward groups drop out of school. This shows that the choices of these groups get limited by not having access to knowledge.Sustainability means continuity in the availability of opportunities. To have sustainable human development, each generation must have the same opportunities. All environmental, financial and human resources must be used keeping in mind the future. Misuse of any of these resources will lead to fewer opportunities for future generations. A good example is about the importance of sending girls to school. If a community does not stress the importance of sending its girlchildren to school, many opportunities will be lost to these young women when they grow up. Their career choices will be severely curtailed and this would affect other aspects of their lives. So, each generation must ensure the availability of choices and opportunities to its future generations.Productivity here means human labour productivity or productivity in terms of human work. Such productivity must be constantly enriched by building capabilities in people.Ultimately, it is people who are the real wealth of nations. Therefore, efforts to increase their knowledge, or provide better health facilities ultimately leads to better work efficiency.What are the methods of sustainable development?

Direction: Read the case study given below and answer the questions that follow:Equity refers to making equal access to opportunities available to everybody. The opportunities available to people must be equal irrespective of their gender, race, income and in the Indian case, caste. Yet this is very often not the case and happens in almost every society. For example, in any country, it is interesting to see which group the most of the school dropouts belong to. This should then lead to an understanding of the reasons for such behaviour. In India, a large number of women and persons belonging to socially and economically backward groups drop out of school. This shows that the choices of these groups get limited by not having access to knowledge.Sustainability means continuity in the availability of opportunities. To have sustainable human development, each generation must have the same opportunities. All environmental, financial and human resources must be used keeping in mind the future. Misuse of any of these resources will lead to fewer opportunities for future generations. A good example is about the importance of sending girls to school. If a community does not stress the importance of sending its girlchildren to school, many opportunities will be lost to these young women when they grow up. Their career choices will be severely curtailed and this would affect other aspects of their lives. So, each generation must ensure the availability of choices and opportunities to its future generations.Productivity here means human labour productivity or productivity in terms of human work. Such productivity must be constantly enriched by building capabilities in people.Ultimately, it is people who are the real wealth of nations. Therefore, efforts to increase their knowledge, or provide better health facilities ultimately leads to better work efficiency.What does productivity refer to within the concept of Human Development?

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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: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.a)Both (A) and (R) are true, but (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 true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. 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: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.a)Both (A) and (R) are true, but (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 true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts 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: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.a)Both (A) and (R) are true, but (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 true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 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: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.a)Both (A) and (R) are true, but (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 true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?.
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