| Assertion [A] In order to manage the crisis, India approached IMF and World Bank which granted $7 Billion as a loan. |
| Reason [R] Foreign exchange reserves declined to its lowest level with a reluctance from other countries to lend to India. |
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: A
Solution :
Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]
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