Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy External Sector and Currency Exchange rate
Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): The failure of the international market to connect firms as collaborators will entice a company to enter with wholly owned operations or wholly owned FDI.
Reason (R): The company perceives having operating advantages to overcome its liability of foreignness.
In the light of the above statements, choose the most appropriate answer from the options given below:
1
Both (A) and (R) are correct and (R) is the correct explanation of (A)
2
Both (A) and (R) are correct but (R) is not the correct explanation of (A)
3
(A) is correct but (R) is not correct
4
(A) is not correct but (R) is correct