✓ Board-verified↻ asked 3×
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 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
From CBSE’s own marking scheme for this paper.
(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).
Practice Liberalisation, Privatisation and Globalisation: An Appraisal →All Liberalisation, Privatisation and Globalisation: An Appraisal questions
More from Liberalisation, Privatisation and Globalisation: An Appraisal
- The primary outcome of the efforts initiated by the Indian Government (Liberalisation and Privatisation)…2026 · asked 3×
- “In the formative stages of reforms development of credit markets, administrative intervention in interest…2026 · asked 3×
- Read the following text carefully: “In the recent times, the Government of India, has introduced several…2026 · asked 3×
- was the successor organisation to General Agreement on Trade and Tariff (GATT). (Choose the correct option to…2026 · asked 3×
- Describe the role which India has played as an important member of World Trade Organisation (WTO). OR…2026 · asked 3×
- Read the following text carefully and answer the questions given below: “This organisation replaced General…2026 · asked 2×
- (i) Discuss any two objectives which were aimed at, by the introduction of Financial sector reforms by the…2026
- (i) Mr. Ravi, an IT entrepreneur from Bengaluru, observed that several MNC’s prefer India as their…2026
CBSE Class 12 Economics past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.