Answer: (Detailed Solution Below)
Option B: Both A and R or true but R is not the correct explanation of A
Detailed Solution:
The correct answer is “Both A and R or true but R is not the correct explanation of A”.
1) There has been a significant increase in the number of Indian industries adopting ISO quality management systems.
2) India's economic liberalization policies have relaxed many licensing requirements for industries.
However, while both statements are true, the liberalization of licensing policy is not the direct cause for the increase in ISO certifications.