Question

Assertion (A) : For the first time, India had no trade deficit in the year 2002-03. 

Reason (R) : For the first time, India’s exports crossed worth $ 50 billion in the year 2002-03.

(a) Both A and R are individually true and R is the correct explanation of A 

(b) Both A and R are individually true but R is not the correct explanation of A 

(c) A is true but R is false 

(d) A is false but R is true

Answer 1

(d) The trade deficit fell from 2000-01 to 2002-03.