💥Join UPSC 2027,2028 Mentorship (June Batch) + Access XFactor Notes & Microthemes PDF
Talk to Mentor

Civilsdaily

Login

Assertion (A): The new EXIM policy is liberal, market-oriented, and favours global trade.

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.

(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)

Moderate

Explanation

The EXIM policy aligns with liberalisation goals, but GATT is not the sole reason. Hence, (b) is correct.