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