Download App

Foreign Trade of India — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsForeign Trade of India1 Mark
Question
Assertion (A) : During the British rule foreign trade did not permit industrialisation in India.
Reasoning (R) : India was a supplier of raw material to the England and importer of manufactured goods.
(i) Both (A) and (R) are true and (R) is the correct reason for (A).
(ii) Both (A) and (R) are true but (R) is not the correct reason for (A).
(iii) (A) is true but (R) is false.
(iv) (A) and (R) both are false.Q
✓

Answer

(i) Both (A) and (R) are true and (R) is the correct reason for (A).

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Assertion and Reasoning" from Foreign Trade of India→Foreign Trade of India — all question types→Economics STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Assertion (A) – Micro economics help to analyse the general level of employment of out put in an economy.
Reasoning (R) – Macro economics helps us to analyse the performance of an economy.
(i) (A) is true but (R) is false.
(ii) (A) is false but (R) is true.
(iii) Both (A) and (R) are true and (R) is the correct explanation of (A).
(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).
→
Assertion (A) – Demand curve slopes downwards from left to right. Reasoning (R) – The price of a commodity falls, quantity demanded rises and when S price of commodity rises, quantity demanded falls. (i) (A) is true but (R) is false. (ii) (A) is false but (R) is true. (iii) Both (A) and (R) is true and (R) is the correct explanation of (A). (iv) Both (A) and (R) is True but (R) is not the correct explanation of (A).
→
Assertion (A) – Substitute goods have positive elasticity.
Reasoning (R) – Increase in price of tea leads to increase in demand of coffee.
(i) (A) is true but (R) is false.
(ii) (A) is false but (R) is true.
(iii) Both (A) and (R) are true and (R) is the correct explanation of (A).
(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).
→
Assertion (A) – National income is the flow concept.
Reasoning (R) – It considers the production of goods and services in the economy during a year.
→
Assertion (A) – In Micro economics decision regarding production of goods can be taken by individual.
Reasoning (R) – Study of macro economics help to understand the problems of developing countries and suggest important steps to achieve economic development.
(i) (A) is true but (R) is false.
(ii) (A) is false but (R) is true.
(iii) Both (A) and (R) are true and (R) is the correct explanation of (A).
(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).
→
Assertion (A) : International trade consists of transaction between residents of different countries.
Reasoning (R): This is given by Wasserman and Hultman
(i) Both (A) and (R) are true and (R) is the correct reason for (A).
(ii) Both (A) and (R) are true but (R) is not the correct reason for (A).
(iii) (A) is true but (R) is false.
(iv) (A) and (R) both are false.
→
Assertion (A) : Due to specialization resources are channelized for the production of only those goods which would give highest ( return.
Reasoning (R): There is rational allocation and specialization.
(i) Both (A) and (R) are true and (R) is the correct reason for (A).
(ii) Both (A) and (R) are true but (R) is not the correct reason for (A).
(iii)(A) is true but (R) is false.
(iv)(A) and (R) both are false.
→
Assertion (A) – While estimating NI indirect taxes included in the market prices are to be deducted.
Reasoning (R) – Indirect taxes are deducted to get accurate estimation of NI.
→
Assertion (A) – Increase in demand refers rise in quantity demanded due to favourable changes in other factors and price remains constant.
Reasoning (R) – Decrease in demand refers to fall in quantity demand due to unfavourable changes in other factors and price remains constant.
(i) (A) is true but (R) is false.
(ii) (A) is false but (R) is true.
(iii) Both (A) and (R) is true and (R) is the correct explanation of (A).
(iv) Both (A) and (R) is True but (R) is not the ) correct explanation of (A).
→
Assertion (A) – In two sector model money flows from the firms to the households in the form of rent, wages, interest.
Reasoning (R) – Households purchase goods and services from firms by using this money.
→