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This question belongs to Commerce Business Environment And International Business

Business Environment and International Business

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From the following statements of Assertion (A) and Reason (R), indicate the correct answer.
Assertion (A): Industrial liberalization became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries.
Reason (R): Industrial development and curbing of poverty is only possible through government intervention.

A) Both (A) and (R) are not correct B) (A) is correct, but (R) is not the correct explanation of (A) C) (A) is correct and (R) is correct explanation of (A) D) (A) is not correct, but (R) is correct

Answer & Solution

Correct Answer: Option B

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