Question

Assertion (A): In 1990s, the economy of Russia was ruined completely.

Reason (R): More than 90% of the industries were sold to private companies at throwaway prices.

Choose the correct option:

Options

• Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).

• Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).

• Assertion (A) is correct, but Reason (R) is incorrect.

• Assertion (A) is incorrect, but Reason (R) is correct.

Answer 1

Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).

Explanation:

Since widespread privatization at disposable prices led to industry disruption and increased economic inequality, Reason (R) provides an explanation for the Assertion (A).