Question : Assertion: The foreign trade policy during 1951-1991 aimed to protect domestic industries from foreign competition.
Reason: The policy-imposed import restrictions and high tariffs on certain goods.
Option 1: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer:
Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion is true. The foreign trade policy during 1951-1991 in India aimed to protect domestic industries from foreign competition. The policy implemented various measures to restrict imports and create a favorable environment for domestic industries to grow and compete.
The reason is also true. The policy imposed import restrictions and high tariffs on certain goods. These measures were put in place to discourage imports and protect domestic industries from foreign competition. By making imports more expensive and less attractive, the policy aimed to create a market environment where domestic industries could flourish and develop.
Therefore, the reason provided is the correct explanation for the assertion. The foreign trade policy during 1951-1991 aimed to protect domestic industries from foreign competition by imposing import restrictions and high tariffs on certain goods.
