In the question given below there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options.
Assertion (A)- Special economic zones were set up in China, after the reform period in 1978.
Reason (R)- In the 1970s, nationalisation of capital goods industries took place in China.
Answer & explanation
Correct answer: option 3
The correct option is: Option 3: (A) Is true but (R) is false.
Here's why:
- Assertion (A) is true: Special Economic Zones (SEZs) were indeed established in China after the reform period, which began in 1978. This marked a shift towards a more open economy.
- Reason (R) is false: In the 1970s, nationalisation of capital goods industries took place in Pakistan (NOT in CHINA as mentioned in the question).