Exams › SSC CGL (Prelims) › General

Read the following statements carefully and choose the correct option regarding Assertion (A) and Reason (R). Assertion (A): The 1991 reforms led to the opening of the Indian economy to foreign investors. Reason (R): The government wanted to increase the domestic savings rate rapidly.

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: A is true but R is false

Solution

The 1991 economic reforms did open the Indian economy to foreign investment, so Assertion (A) is true. However, the reason given is false because the reforms were mainly introduced to address the balance of payments crisis and improve efficiency, not simply to raise domestic savings rapidly.

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