Assertion (A) The integration of domestic economy through the twin channels of trade and capital flows has accelerated in the past two decades which in turn led the Indian economy growing from Rs. 32 trillion in 2004 to about Rs. 153 trillion by 2016.
Reason (R) The Government of India is keen to grown exports and provide more jobs for the young, talented, well-educated and even semi-skilled and unskilled workforce in India.
A. Both (A) and (R) are correct and (R) is the right explanation of (A)
B. Both (A) and (R) are correct, but (R) is not the right explanation of (A)
C. (A) is correct, but (R) is incorrect
D. (R) is correct, but (A) is incorrect
Answer: Option A
Related Questions on Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade

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