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Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?Assertion (A): The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system.Reason (R): Under socialism properties are managed by the state.a)Both A and R are true and R is the correct explanation of A.b)Both A and R are true, but R is not the correct explanation of A.c)A is true, but R is false.d)A is false, but R is true.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.