Assertion (A) : India’s trade deficit, after reaching

M: +2.00/-0.33

Assertion (A) : India’s trade deficit, after reaching the highest level in the year 2012-13 registered continuous decline since 2013-14.

Reason (R) : There was a general decline in both P.O.L. and Non-P.O.L. deficits since 2013-14.

Codes :

U.P.P.C.S. (Mains) 2017

[External Sector - Trade, FDI, Debt]

Both (A) and (R) are correct and (R) is the correct explanation of (A).

Both (A) and (R) are correct but (R) is not the correct explanation of (A).

(A) is correct but (R) is false.

(A) is false but (R) is correct.

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