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The correct answer is option (a): Both A and R are true and R is the correct explanation of A. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 1997, GS Paper 1, as Question 92. It falls under Indian Economy > International Trade & WTO.
This question is rated "moderate". It requires sound conceptual understanding of the topic.
UPSC has asked 38 questions from International Trade & WTO (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.