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GS Paper IUPSC Prelims 2003
Miscellaneous
Question No. 438Interactive Test Mode
00:00
+2-0.66

Q438. Assertion (A) : The new EXIM policy is liberal, market oriented and favours global trade. Reason (R) : GATT has played a significant role in the liberalisation of the economy.

Assertion (A) : The new EXIM policy is liberal, market oriented and favours global trade. Reason (R) : GATT has played a significant role in the liberalisation of the economy.

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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2003 • General Knowledge (1995-2010)

Correct Answer: Option (A) — Both A and R are individually true and R is the correct explanation of A

Concept & Option Breakdown

Standard Reference Verified
  • Assertion (A) is true: The EXIM policies post-1991 removed quantitative restrictions, lowered tariff barriers, and fostered integration with global markets.
  • Reason (R) is true: The multilateral framework under the General Agreement on Tariffs and Trade (GATT) and subsequently the WTO played an instrumental role in driving international and domestic trade liberalization.
  • Since the transition to a market-oriented EXIM policy was directly linked to fulfilling commitments under GATT/WTO multilateral trade agreements, Reason (R) correctly explains Assertion (A).
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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2003 (Q438)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicGeneral Knowledge (1995-2010) → Miscellaneous
Official Answer KeyOption (A) — Both A and R are individually true and R is the correct explanation of A

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Frequently Asked Questions — UPSC Prelims 2003 Q438

What is the official answer for UPSC Prelims 2003 GS Paper I Question 438 (General Knowledge (1995-2010))?

The official UPSC answer key for this 2003 General Knowledge (1995-2010) (Miscellaneous) question is Option (A): "Both A and R are individually true and R is the correct explanation of A". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2003 question belong to?

This question belongs to GS Paper I under the subject "General Knowledge (1995-2010)" and micro-topic "Miscellaneous". You can explore all repeated questions from Miscellaneous in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Miscellaneous UPSC Prelims question using option elimination?

To solve Miscellaneous questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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