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Economics

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Assertion (A): The new EXIM policy is liberal, market-oriented, and favours global trade.
Reason (R): GATT has played a significant role in the liberalisation of the economy.

Options

(a)

Both A and R are individually true and R is the correct explanation of A

(b)

Both A and R are individually true but R is not the correct explanation of A

(c)

A is true but R is false

(d)

A is false but R is true

Answer

(B)