Assertion (A). New Economic Policy is to expand the economic wings of the country. Reason (R): Due to economic liberalisation or relaxation in the…
CA Foundation · Business Economics · MTP · January 2025
Assertion (A). New Economic Policy is to expand the economic wings of the country. Reason (R): Due to economic liberalisation or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes a. Both Assertion
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. and Reason(R) are true, and Reason (R) is the correct explanation of Assertion (A).
Topics: Price Determination in Different Markets
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