In the given question, a statement of Assertion is followed by a statement of Reason. Mark the correct answer.
Assertion: Post-independence, India's policy to restrict the import of goods that could be produced in the domestic market was criticized.
Reason: The policy left the private sector with no incentive to improve their products and make them cheaper.
Answer & explanation
Correct answer: option 1
India's policy to restrict the import of goods that could be produced in the domestic market with little or no competition left the private sector with no incentive to improve their products and make them cheaper. The state-controlled more things than were necessary and this led to inefficiency and corruption.