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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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.
Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.
  • 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) ...
A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit. This limit changes over a period of time. In 1950, a small scale industrial unit was one which invested a maximum of Rs. 5 lakhs, at present the maximum investment allowed is Rs. one crore.
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Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
Assertion Analysis
- The assertion states that in 1955, the Karve Committee recognized the potential of small-scale industries in fostering rural development.
- This is indeed true, as the committee aimed to enhance economic conditions in rural areas through the promotion of small-scale industries.
Reason Analysis
- The reason provided defines a small-scale industry in terms of the maximum investment allowed on the assets of a unit.
- This definition is also accurate, as small-scale industries are characterized by investment limits, which are crucial for their classification and development.
Relationship Between Assertion and Reason
- While both statements are true, the reason does not directly explain why small-scale industries can promote rural development.
- The assertion focuses on the role of small-scale industries in improving rural economies, while the reason merely provides a definition without addressing the implications of that definition on rural development.
Conclusion
- Therefore, the correct answer is option 'B': both the assertion and reason are true, but the reason is not the correct explanation for the assertion.
- The relationship between the two statements highlights the importance of understanding the broader context of economic development beyond mere definitions.
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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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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?
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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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.
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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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? 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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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?, 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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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? 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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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? 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): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.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? tests, examples and also practice Commerce tests.
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