Page 2 - HA

c) Social
d) Political
6 Improvement in transport has helped in promotion of:
a) globalisation
b) liberalisation
c) privatisation
d) none of these
7 In the question given below, there are two statements marked as Assertion (A) and
Reason (R). Read the statements and choose the correct option:
Assertion : A tax on imports makes the market for imported goods lucrative in terms of
earning higher profits.
Reason : Taxes are imposed to ensure smooth trade between nations and higher tax
revenues for the governments of the countries.
(a)Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true, but R is not the correct explanation of A.
(c) A is correct, but R is wrong.
(d) A is wrong, but R is correct.
8 In the question given below, there are two statements marked as Assertion (A) and
Reason (R). Read the statements and choose the correct option:
Assertion : The removal of barriers to trade is known as liberalization.
Reason : federalization of trade allows businesses to freely decide which goods to import
and export.
(a)Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true, but R is not the correct explanation of A.
(c) A is correct, but R is wrong.
(d) A is wrong, but R is correct.