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Class 10 › Economics › Globalisation and the Indian Economy
CBSE2026Class Class 10 · Economics1 Marks · Long✅ Verified
Two statements labelled as Assertion (A) and Reason (R) are given below. Read both the statements carefully and choose the correct option. Assertion (A): Foreign trade provides producers with opportunity to reach beyond domestic markets. Reason (R): The foreign trade expands the choice of goods other than those produced domestically.
✅ Answer & Solution
Step 1: Check the Assertion - Foreign trade creates an opportunity for producers to reach beyond the domestic markets, i.e. markets of their own countries; they can sell their produce in the markets of other countries. This is TRUE. Step 2: Check the Reason - For the buyers, import of goods produced in another country expands the choice of goods beyond what is domestically produced. This is also TRUE. Step 3: However, the Reason describes the benefit of foreign trade to BUYERS (wider choice), while the Assertion describes the benefit to PRODUCERS (wider market); the Reason therefore does not explain the Assertion. Step 4: Hence both are true but R is not the correct explanation of A - Option (B).
