Discussion
Assertion (A) : Indent may be open or closed. Open indent does not specify the price and other details of the goods. The closed indent specifies the brand, price, number, packing, shipping mode, insurance, etc.
Reason (R) : This is required as a part of export procedures.
Codes :
Answer: C
The key gives (A) as true and (R) as false. An indent is an order placed by an importer with a foreign supplier through an agent. An open indent does not specify the price and other details, and a closed indent specifies the brand, price, quantity, packing, shipping mode and insurance. So the assertion correctly states the two kinds.
The reason, that this is required as a part of export procedures, is not accepted, since the indent is an import-side or buying order and not a prescribed step of export procedure. So the options with both true, both not correct or (R) true alone are wrong.
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