| Assertion [A] Make in India campaign initiated by the government leads to rise in foreign exchange rate. |
| Reason [R] Inflow of foreign exchange improves the trade deficit of the country. |
A) Assertion [A] is true and Reason [R] is a correct reason of Assertion [A].
B) Assertion [A] is true and Reason [R] is not a correct reason of Assertion [A].
C) Assertion [A] is false, but Reason [R] is true
D) Both are false
Correct Answer: C
Solution :
Make in India Campaign leads to inflow of foreign currency. With inflow of foreign currency, supply of foreign exchange increases which further leads to fall in exchange rate.
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