| Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative. |
| Assertion (A): Domestic industries were protected from foreign competition through heavy duty on imports to make these costlier in order to discourage imports and fixation of import quotas to specify the quantity of goods which can be imported. |
| Reason (R): Industries in India were not able to world competition and if these industries were given protection they would be able to face world competition and foreign exchange could also be saved. |
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 :
[a] Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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