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LPG Model (or New Economic Policy) — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsLPG Model (or New Economic Policy)1 Mark
MCQ
Assertion(A): LPG policy was introduced in 1991.
Reason(R): LPG stands for liberalisation, privatisation and globalisation.
  • ✓
    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 and 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.
✓

Answer

Correct option: A.
Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
a

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