12th Class Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank

done Assertion - Reason - New Economic Policy,1991 Total Questions - 2

• question_answer1)

  Directions : Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative.

  Assertion (A): To overcome economic crisis and accelerate the growth rate of Indian Economy, New Economic Policy was adopted by the government in July 1991 with elements of Liberalisation, Privatisation and Globalisation.

  Reason (R): In 1991, India met with an economic crisis relating to its external debt. The government was not able to make repayments on its borrowings from abroad. Foreign exchange reserves dropped to levels that were not sufficient for even a fortnight.

  A)
  Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). done clear
  B)
  Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). done clear
  C)
  Assertion (A) is true but Reason (R) is false. done clear
  D)
  Assertion (A) is false but Reason (R) is true. done clear
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• question_answer2)

  Directions : Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative.

  Assertion (A): Globalisation is an outcome of the set of various policies that are aimed at transforming the world towards greater interdependence and integration. It involves creation of networks and activities transcending economic, social and geographical boundaries.

  Reason (R): Globalisation is a strategy of the developed countries to expand and their markets in other countries.

  A)
  Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). done clear
  B)
  Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). done clear
  C)
  Assertion (A) is true but Reason (R) is false. done clear
  D)
  Assertion (A) is false but Reason (R) is true. done clear
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