The correct answer is: C. Either I or II follows
The statement says that duty free technology parks where foreign firms can manufacture electronic hardware components are proposed to be established at various places in the country. The courses of action are:
I. Government should immediately implement the proposal to augment the foreign currency reserve by exporting the products.
II. Government should not implement the proposal as it will hinder indigenous production of hardware components.
Both courses of action are possible, depending on the government’s priorities. If the government’s priority is to increase foreign currency reserves, then it should implement the proposal. However, if the government’s priority is to promote indigenous production of hardware components, then it should not implement the proposal.
It is not possible to say for sure whether the proposal will actually augment the foreign currency reserve or hinder indigenous production of hardware components. This will depend on a number of factors, such as the terms of the agreement between the government and the foreign firms, the level of investment by the foreign firms, and the competitiveness of the domestic industry.
Therefore, either course of action is possible, and the government should carefully consider its priorities before making a decision.