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Question
Assertion (A): After 1991, there was a spurt of foreign collaborations in India and increase flow of FDI-Foreign Direct Investment.
Reason (R): The liberalized Foreign Investment Policy (FIP) was announced in India in July-August 1991.
Options
A is correct and R is the correct explanation to A
A is correct and R is not the correct explanation to A
Both A and R are wrong
A is wrong, but R is correct
MCQ
Solution
A is correct and R is the correct explanation to A
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