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 : Foreign investment is playing an increasing role in economic development and contributes to a significant share of the domestic investment, employment generation and exports.
Reason R : Substantial increase in the magnitude of capital inflows have remarkably improved the balance of payments and foreign exchange reserve position.
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 and 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