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Choose the correct alternative given below for the following statements – Assertion (A) and reason (R):
Assertion (A): Import substitution leads to saving of foreign exchange.
Reason (R): Import substitution leads the goods to be produced in the country itself. 
  • 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 'A'. Can you explain this answer?
Verified Answer
Choose the correct alternative given below for the following statement...
Import substitution leads to restricting imported foreign goods but producing those goods in the domestic country. Import substitution helps in saving foreign exchange in the country by importing less through restrictions like tariffs and quotas.
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Choose the correct alternative given below for the following statements – Assertion (A) and reason (R):Assertion (A): Import substitution leads to saving of foreign exchange.Reason (R): Import substitution leads the goods to be produced in the country itself.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 'A'. Can you explain this answer?
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Choose the correct alternative given below for the following statements – Assertion (A) and reason (R):Assertion (A): Import substitution leads to saving of foreign exchange.Reason (R): Import substitution leads the goods to be produced in the country itself.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 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Choose the correct alternative given below for the following statements – Assertion (A) and reason (R):Assertion (A): Import substitution leads to saving of foreign exchange.Reason (R): Import substitution leads the goods to be produced in the country itself.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 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Choose the correct alternative given below for the following statements – Assertion (A) and reason (R):Assertion (A): Import substitution leads to saving of foreign exchange.Reason (R): Import substitution leads the goods to be produced in the country itself.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 'A'. Can you explain this answer?.
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