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Modernisation LPG correct; modernisation adoption new technology 1991 reforms.
Ref: NCERT Economics Class XI Liberalisation Privatisation Globalisation explains 1991 reforms LPG policies modernisation WTO impact clearly.
Both Assertion (A) and Reason is planning correct; planning guides, sets standards, rational decision making.
Ref: NCERT Business Studies Class XII Chapter 4 Planning defines planning process importance limitations steps effective organizational goals achievement.
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