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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) ...
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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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 2024 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 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: 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?.
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: 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? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? tests, examples and also practice Humanities/Arts tests.
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