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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 -

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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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