Practicing Success
Practicing Success
CUET Preparation Today
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)- In 1991, the rupee was devalued against the foreign currencies. Reason (R)- Davaluation was done in 1991 to improve the BOP position of the country . |
Both (A) and (R) are true and (R) is the correct explanation. Both (A) and (R) are true but (R) is not the correct explanation of (A). (A) Is true but (R) is false. (A) Is false but (R) is true. |
Both (A) and (R) are true and (R) is the correct explanation. |
In 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was devalued against foreign currencies. This led to an increase in the inflow of foreign exchange which eventually resulted in a better BOP position of the country. |
