Economy PYQ 28 of 50 · Industry and MSMEs

Given below are two statements, one labelled Assertion (A) and the other labelled Reason (R):

Assertion (A): 'Make in India' is the initiative launched in 2014.

Reason (R): Its main aim is to promote India's manufacturing domain to the world.

In the light of the above statements, choose the most appropriate answer from the options given below:

  1. ABoth A and R are not correct
  2. BA is correct, but R is not correct
  3. CA is not correct, but R is correct
  4. DBoth A and R are true, and R is the correct explanation of A

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Show answer and explanation

Correct answer: (d) Both A and R are true, and R is the correct explanation of A

Explanation

A is true: Make in India was launched on 25 September 2014.

R is true and explains A: its main aim is to make India a global manufacturing hub, by encouraging domestic and foreign companies to make their products in India, improving the ease of doing business, attracting investment and creating jobs. It began with 25 sectors, such as automobiles, electronics, defence, textiles and pharmaceuticals, and its logo is a lion made of cogwheels.

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