Practicing Success
Read the following statements - Assertion (A) and Reason (R):
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Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A). Assertion (A) is true but Reason (R) is false. Assertion (A) is false but Reason (R) is true. |
Assertion (A) is true but Reason (R) is false. |
India was a closed economy before 1991 economic reforms. Inflation was at an alarming rate during the period of crisis. In 1991 ,foreign exchange reserves declined to a level that was not adequate to finance imports for more than two weeks. |