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0. Assertion (A). Broad bonding of industries was intended to enable the manufacturers to change their product mix rapidly to match changes in demand patterns. Reason (R). Mandatory convertibility clause provided public finance institutions with the option of converting part of their loans into equity.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true but (R) is not the correct explanation of (A).
(A) is true but (R) is false.
(A) is false but (R) is true.
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