Assertion (A): A trade barrier is any restriction placed on the free movement of commerce.

Reason (R): The government has imposed these limitations in order to control international trade.

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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 correct but (R) is wrong

(A) is wrong but (R) is correct

answer is A.

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Detailed Solution

Both (A) and (R) are true and (R) is the correct explanation of (A).
A Trade barrier is any restriction placed on the free movement of commerce. Trade barriers are the imposition of regular, negotiated trade tariffs in compliance with GATT Article II. The government has imposed these limitations to control international trade. After gaining independence, the Indian government erected barriers to foreign investment and trade to shield domestic producers from international rivalry. Import taxes are one type of trade barrier.

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