Exams › SSC CGL (Prelims) › General

Assertion (A): In 1991, India undertook a two-step devaluation of the rupee. Reason (R): The objective was to improve export competitiveness and ease the balance-of-payments crisis.

1. Both A and R are true and R is the correct explanation of A
2. Both A and R are true but R is not the correct explanation of A
3. A is true but R is false
4. A is false but R is true

Correct answer: Both A and R are true and R is the correct explanation of A

Solution

Both the assertion and the reason are true. In 1991, India devalued the rupee in two steps to make exports more competitive and to help address the balance-of-payments crisis, so the reason correctly explains the assertion.

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