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Economics · 2025 · 1 mark
Liberalisation, Privatisation and Globalisation: An AppraisalLiberalisation1 markUnderstandassertion reason
CBSE 2025 · Region 5 · Set 1 · Q23
Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative from the options given below: Assertion (A): Under the…
Read the following statements – Assertion (A) and Reason (R).
Choose the correct alternative from the options given below :Assertion (A) : Under the financial sector reforms introduced in $\displaystyle 1991$, foreign investment limit in banks was raised up to around $\displaystyle 74$%.Reason (R) : Foreign Institutional Investors (FIIs) were allowed to invest in Indian financial markets, post-1991.Options :
Official answer
(B)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Marking-scheme solution
(B)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
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CBSE Class 12 Economics past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.