Logical Reasoning Q.192

192Statement: Should India’s foreign trade policy focus on increasing exports, when India has limited supplies for domestic market.
Arguments
I. Yes, through exports we can earn foreign exchange to pay for our imports.
II. No, even export of selective commodities would lead to shortages.

Option : A
Explanation : Mostly, countries export their surplus production. Recently, exports include intangible items also, such as software. Resources generated through exports pay for imports. So, only argument I holds.

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