Assertion (A) : The new EXIM policy is liberal, marketoriented and favours global trade. 

Reason (R) : GATT has played a significant role in the liberalisation of the economy. 

(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


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

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