Question : Assertion: Financial sector reforms aimed to promote financial inclusion in India.
Reason: Access to financial services is essential for inclusive economic growth.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion states that financial sector reforms aimed to promote financial inclusion in India, which is true. The reforms have indeed focused on improving access to financial services for all sections of society.
The reason states that access to financial services is essential for inclusive economic growth, which is also true. However, it does not directly explain why financial sector reforms specifically aim to promote financial inclusion. The reason provides a broader rationale for the importance of financial inclusion but does not establish a direct cause-and-effect relationship with the assertion.
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Question : Assertion: Liberty indicator relates to political freedom.
Reason: India initiated economic reforms in 1991.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to promote the development of large-scale industries in India.
Reason: The resolution emphasized the regulation and control of private industries to ensure balanced industrial growth.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to promote the development of small-scale industries in India.
Reason: The resolution emphasized the role of the public sector in industrial growth.
Question : Assertion: The Industrial Policy Resolution of 1956 aimed to promote the growth of the public sector in India.
Reason: The resolution emphasized the role of private enterprises in industrial development.
Question : Assertion: The Foreign Trade Policy of India during 1951-1991 focused on import substitution.
Reason: The policy aimed to reduce imports and promote domestic industries.
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