Question : Assertion: Industrial sector reforms aimed to enhance productivity and competitiveness.
Reason: Increased productivity and competitiveness contribute to overall 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, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Industrial sector reforms, aimed at enhancing productivity and competitiveness, indeed contribute to overall economic growth. When industrial sectors undergo reforms to improve their efficiency, adopt advanced technologies, and optimize their production processes, it leads to increased productivity. Higher productivity, in turn, allows firms to produce more output with the same or fewer resources, leading to economic growth. Additionally, by promoting competitiveness, these reforms encourage firms to innovate, invest in research and development, and offer better products and services, which further contribute to economic growth. Therefore, the reason provided is the correct explanation for why industrial sector reforms aim to enhance productivity and competitiveness.
