Exams › SSC CGL (Prelims) › General

Assertion (A): Liberalization reduced import licensing. Reason (R): It aimed to promote global trade integration.

1. Both A and R are true, and R explains A
2. Both A and R are true, but R does not explain 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 explains A

Solution

Liberalization did reduce import licensing by easing government controls on trade. The reason is also true because one major objective of liberalization was to integrate the economy with global markets, which explains the reduction in licensing.

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