Question : Assertion: Liberalization reforms aimed to reduce government control in the industrial sector.
Reason: Government control often leads to inefficiencies and hinders competition.
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.
The assertion states that liberalization reforms aimed to reduce government control in the industrial sector, which is true. Liberalization involves reducing government regulations and interventions in the economy to promote competition and efficiency.
The reason given states that government control often leads to inefficiencies and hinders competition, which is also true. Excessive government control can create bureaucratic inefficiencies and limit market competition.
Furthermore, the reason provides a valid explanation for why liberalization reforms aim to reduce government control in the industrial sector. By reducing government control, it is expected that inefficiencies will be reduced and competition will be promoted.
Therefore, both the assertion and the reason are true, and the reason is the correct explanation of the assertion.
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