Assertion and Reasoning questions :

1) 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
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)
Ans:- d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)

2) 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 the imports.
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)
d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Ans:- a) (A) is TRUE but (R) is FALSE

3) 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
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)
Ans:- d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)

4) Assertion (A) Due to Globalisation, a country
cannot achieve self- sufficiency in food production.
Reasoning (R) Globalisation has created a
revolution in 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)
d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Ans:- d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)