Assertion (A): Delicensing of industries was an important step taken under liberalization. Reasoning (R): Unwanted controls and restrictions led to economic stagnation prior to 1991.(a) (A) is TRUE but (R) is FALSE (b) (A) is FALSE but (R) is TRUE (c) (A) and (R) both are TRUE and (R) is the correct explanation of (A) (d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)

Assertion (A): Delicensing of industries was an important step taken

1.	Assertion (A): Delicensing of industries was an important step taken under liberalization. Reasoning (R): Unwanted controls and restrictions led to economic stagnation prior to 1991.(a) (A) is TRUE but (R) is FALSE (b) (A) is FALSE but (R) is TRUE (c) (A) and (R) both are TRUE and (R) is the correct explanation of (A) (d) (A) and (R) both are TRUE but (R) is not the correct explanation of (A)
Answer» Correct option is (c) (A) and (R) both are TRUE and (R) is the correct explanation of (A)