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Assertion (A): After 1991, there was a spurt of foreign collaborations in India and increase flow of FDIForeign Direct Investment.Reason (R): The liberalized Foreign Investment Policy (FIP) was announced in India in July-August 1991.(a) A is correct and R is the correct explanation to A (b) A is correct and R is not the correct explanation to A(c) Both A and R are wrong (d) A is wrong, but R is correct |
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Answer» (a) A is Correct and R is the Correct explanation to A |
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