There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.
Assertion: Economists point out that the reform process initiated in the early 1990s resulted in an increase in the number of workers employed in the formal sector.
Reasoning: Developmental planning envisaged that as the economy grows, more and more workers would become formal sector workers and the proportion of workers engaged in the informal sector would dwindle.
Answer & explanation
Correct answer: option 4
The correct answer is option 4: Assertion (A) is not true but Reasoning (R) is correct.
Assertion: Economists point out that the reform process initiated in the early 1990s resulted in an increase in the number of workers employed in the formal sector. This is false. Economists point out that the reform process initiated in the early 1990s resulted in a decline in the number of workers employed in the formal sector.
Reasoning: Developmental planning envisaged that as the economy grows, more and more workers would become formal sector workers and the proportion of workers engaged in the informal sector would dwindle. This is correct.