Assertion (A): Industrial Liberalization became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries.

Reasoning (R): Industrial development and curbing of poverty is only possible through government intervention.



  • A

    (A) and (R) both are correct

  • B

    (A) is correct but (R) is not the correct explanation of (A)

  • C

    (A) is correct and (R) is correct explanation of (A).

  • D

    (A) is not correct but (R) is correct.