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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 industries became more diversified during 1950-90 as compared to the situation at the time of independence.
Reason (R): Excessive government regulation prevented industrial growth during this period.
  • 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 'B'. Can you explain this answer?
Verified Answer
Directions: In the following questions, a statement of assertion (A) ...
The proportion of GDP contributed by the industrial sector increased in the period from 11.8 per cent in 1950-51 to 24.6 per cent in 1990-91. The progress of the Indian economy during the first seven plans was impressive indeed.
Our industries became far more diversified compared to the situation at independence. India became self- sufficient in food production thanks to the green revolution.
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Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
Assertion and Reasoning in Commerce

Explanation:

Assertion (A) states that industries became more diversified during 1950-90 as compared to the situation at the time of independence.

Reason (R) suggests that excessive government regulation prevented industrial growth during this period.

Option A - Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A). This option is incorrect because while both statements are true, the reason does not adequately explain why industries became more diversified during 1950-90.

Option B - Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A). This is the correct option because both statements are true, but the reason provided does not fully explain the assertion. The diversification of industries during 1950-90 can be attributed to several factors, including government policies that encouraged industrial growth, an increase in foreign investment, and improvements in technology.

Option C - Assertion (A) is true but reason (R) is false. This option is incorrect because the reason stated in option (R) is true.

Option D - Assertion (A) is false but reason (R) is true. This option is also incorrect because the assertion is true.

In conclusion, option B is the correct answer as both assertion (A) and reason (R) are true, but the reason does not fully explain the assertion.
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Read the following hypothetical text and answer the question that follow:The performance of the Indian economy during the period of first seven five-year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producersbut we failed to promote a strong export surplus. Although the public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSUs) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSUs continued to function because it was difficult to close a government undertaking even it is a drain on the country's limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So, the need for reform of economic policy was widely felt in the context of changing the global economic scenario to achieve desired growth in the country.Q. Read the following statements - Assertion (

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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 industries became more diversified during 1950-90 as compared to the situation at the time of independence.Reason (R): Excessive government regulation prevented industrial growth during this period.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 'B'. Can you explain this answer?
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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 industries became more diversified during 1950-90 as compared to the situation at the time of independence.Reason (R): Excessive government regulation prevented industrial growth during this period.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 '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 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 industries became more diversified during 1950-90 as compared to the situation at the time of independence.Reason (R): Excessive government regulation prevented industrial growth during this period.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 '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 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 industries became more diversified during 1950-90 as compared to the situation at the time of independence.Reason (R): Excessive government regulation prevented industrial growth during this period.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 'B'. 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 industries became more diversified during 1950-90 as compared to the situation at the time of independence.Reason (R): Excessive government regulation prevented industrial growth during this period.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 '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.
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