Consider the following statements.
Assertion (A): Indian companies have established subsidiaries and joint ventures in a number of countries in different manufacturing industries and service sectors.
Reason (R): By restricting the areas of operations and growth, the government policy seriously constrained the potential of Indian companies to make a foray into the foreign countries.
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. Both (A) and (R) are incorrect
D. (A) is correct, but (R) is incorrect
Answer: Option B
This Question Belongs to Commerce >> Business Environment And International Business
Join The Discussion