Commerce Exam > Commerce Questions > Directions: In the following questions, a st...
Start Learning for Free
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.
Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.
- a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).
- b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).
- c)Assertion (A) is true but reason (R) is false.
- d)Assertion (A) is false but reason (R) is true.
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
The need to obtain a license to start an industry was misused by industrial houses; a big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms. The excessive regulation of what came to be called the permit license raj prevented certain firms from becoming more efficient. More time was spent by industrialists in trying to obtain a license or lobby with the concerned ministries rather than on thinking about how to improve their products.
Free Test
| FREE | Start Free Test |
Community Answer
Directions: In the following questions, a statement of assertion (A) ...
Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.
Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.
The correct answer is option 'A' - Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).
Explanation:
To understand the given assertion and reason, let's break them down and analyze each one individually.
Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.
Industrial licensing refers to the process of obtaining permission from the government to start a new industry or expand an existing one. In many countries, including India, industrial licensing was prevalent in the past. The assertion states that big industrial houses misused the requirement of obtaining a license to start an industry.
This assertion is true. Big industrial houses often exploited the licensing system to their advantage. They used their influence, connections, and resources to obtain licenses easily, while smaller players faced significant hurdles and delays. This allowed big industrial houses to establish monopolies or oligopolies in certain sectors, limiting competition and maximizing their own profits.
Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.
The reason provides an explanation for the assertion. It states that big industrialists would obtain licenses not necessarily to start new firms but rather to hinder competitors from establishing new firms.
This reason is also true. Big industrial houses, by obtaining licenses, could prevent competitors from entering the market. The licensing process acted as a barrier to entry for new firms, as they had to go through bureaucratic procedures, fulfill certain criteria, and face potential delays. By controlling the licensing process, big industrialists could block potential competitors and maintain their dominance in the industry.
Conclusion:
In conclusion, both the assertion and reason are true. The need to obtain a license to start an industry was indeed misused by big industrial houses. They used their influence to easily obtain licenses, while smaller players faced difficulties. The licenses were not always obtained for starting new firms but rather to prevent competitors from entering the market.
Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.
The correct answer is option 'A' - Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).
Explanation:
To understand the given assertion and reason, let's break them down and analyze each one individually.
Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.
Industrial licensing refers to the process of obtaining permission from the government to start a new industry or expand an existing one. In many countries, including India, industrial licensing was prevalent in the past. The assertion states that big industrial houses misused the requirement of obtaining a license to start an industry.
This assertion is true. Big industrial houses often exploited the licensing system to their advantage. They used their influence, connections, and resources to obtain licenses easily, while smaller players faced significant hurdles and delays. This allowed big industrial houses to establish monopolies or oligopolies in certain sectors, limiting competition and maximizing their own profits.
Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.
The reason provides an explanation for the assertion. It states that big industrialists would obtain licenses not necessarily to start new firms but rather to hinder competitors from establishing new firms.
This reason is also true. Big industrial houses, by obtaining licenses, could prevent competitors from entering the market. The licensing process acted as a barrier to entry for new firms, as they had to go through bureaucratic procedures, fulfill certain criteria, and face potential delays. By controlling the licensing process, big industrialists could block potential competitors and maintain their dominance in the industry.
Conclusion:
In conclusion, both the assertion and reason are true. The need to obtain a license to start an industry was indeed misused by big industrial houses. They used their influence to easily obtain licenses, while smaller players faced difficulties. The licenses were not always obtained for starting new firms but rather to prevent competitors from entering the market.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer?
Question Description
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. 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 Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. 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 Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. 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 Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The need to obtain a license to start an industry was misused by big industrial houses.Reason (R): A big industrialist would get a license not for starting a new firm but to prevent competitors from starting new firms.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup