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Economics Assertion and Reasoning

Economic Policy of India Since 1991 · Maharashtra Board STD 11 Commerce / Arts (MSBSHSE - English Medium). 4 questions.

Questions

Assertion and Reasoning

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4 questions · auto-graded multiple-choice test.

MCQ 11 Mark
Assertion (A): Due to Globalisation, a country cannot achieve self-sufficiency in food production.
Reasoning (R): Globalisation has created a revolution in the IT sector.
  • A
    (A) is TRUE but (R) is FALSE
  • B
    (A) is FALSE but (R) is TRUE
  • C
    (A) and (R) both are TRUE and (R) is the correct explanation of (A)
  • ✓
    (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Answer
Correct option: D.
(A) and (R) both are TRUE but (R) is not the correct explanation of (A)
(A) and (R) both are TRUE but (R) is not the correct explanation of (A)
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MCQ 21 Mark
Assertion (A): Post liberalization, the sale of domestic goods has increased.
Reasoning (R): The demand for imported goods had increased due to liberal policy.
  • A
    (A) is TRUE but (R) is FALSE
  • ✓
    (A) is FALSE but (R) is TRUE
  • C
    (A) and (R) both are TRUE and (R) is the correct explanation of (A)
  • D
    (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Answer
Correct option: B.
(A) is FALSE but (R) is TRUE
(A) is FALSE but (R) is TRUE
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MCQ 31 Mark
Assertion (A): In 1990-91, India faced an acute shortage of foreign exchange reserves.
Reasoning (R): Import quotas and tariffs led to an increase in imports.
  • ✓
    (A) is TRUE but (R) is FALSE
  • B
    (A) is FALSE but (R) is TRUE
  • C
    (A) and (R) both are TRUE and (R) is the correct explanation of (A)
  • D
    (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Answer
Correct option: A.
(A) is TRUE but (R) is FALSE
(A) is TRUE but (R) is FALSE
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MCQ 41 Mark
Assertion (A): Delicensing of industries was an important step taken under liberalization.
Reasoning (R): Unwanted controls and restrictions led to economic stagnation prior to 1991.
  • A
    (A) is TRUE but (R) is FALSE
  • B
    (A) is FALSE but (R) is TRUE
  • ✓
    (A) and (R) both are TRUE and (R) is the correct explanation of (A)
  • D
    (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Answer
Correct option: C.
(A) and (R) both are TRUE and (R) is the correct explanation of (A)
(A) and (R) both are TRUE and (R) is the correct explanation of (A)
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