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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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.
Reason (R): It established the public sector as the epicentre of industrialization.
- 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) ...
The 1956 policy in injunction with the IDA act did just reverse of what it was supposed to do. The licensing policy of the government favoured big business houses who were in better position to raise huge amount of capital and had the better management skills to run the industry. They were also able to secure financial assistance from development and finance institutions. Further, since there was no proper system of allocation of licenses in place; pre-empting of licensing by authorities to select people or groups happened due to an array of reasons. Overall, the freedom of entry into industry was restricted due to licensing and this resulted in the concentration of economic power in few individuals.
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Directions: In the following questions, a statement of assertion (A) ...
Assertion (A): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.
Reason (R): It established the public sector as the epicentre of industrialization.
The correct answer is option 'B', which states that both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).
Explanation:
To understand the correct answer, let's analyze the assertion and reason separately.
Assertion (A): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.
The Industrial Policy Resolution (IPR) of 1956 was formulated by the Government of India to provide a framework for industrial development in the country. One of the key objectives of the IPR 1956 was to prevent the concentration of economic power in the hands of a few individuals, groups, or business houses. This was important to ensure a more equitable distribution of economic resources and opportunities, and to promote a fair and competitive business environment.
Reason (R): It established the public sector as the epicentre of industrialization.
The reason states that the IPR 1956 established the public sector as the epicenter of industrialization. However, this reason is not a correct explanation of the assertion. While it is true that the IPR 1956 emphasized the role of the public sector in industrial development, it did not establish the public sector as the sole epicenter of industrialization. The IPR 1956 recognized the need for a mixed economy, with both the public and private sectors playing a significant role in industrial growth. It aimed to strike a balance between public and private enterprises, with the public sector focusing on key industries and strategic sectors, while the private sector continued to contribute to industrial development.
Hence, option 'B' is the correct answer as both the assertion (A) and reason (R) are true, but the reason does not provide a correct explanation for the assertion.
Reason (R): It established the public sector as the epicentre of industrialization.
The correct answer is option 'B', which states that both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).
Explanation:
To understand the correct answer, let's analyze the assertion and reason separately.
Assertion (A): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.
The Industrial Policy Resolution (IPR) of 1956 was formulated by the Government of India to provide a framework for industrial development in the country. One of the key objectives of the IPR 1956 was to prevent the concentration of economic power in the hands of a few individuals, groups, or business houses. This was important to ensure a more equitable distribution of economic resources and opportunities, and to promote a fair and competitive business environment.
Reason (R): It established the public sector as the epicentre of industrialization.
The reason states that the IPR 1956 established the public sector as the epicenter of industrialization. However, this reason is not a correct explanation of the assertion. While it is true that the IPR 1956 emphasized the role of the public sector in industrial development, it did not establish the public sector as the sole epicenter of industrialization. The IPR 1956 recognized the need for a mixed economy, with both the public and private sectors playing a significant role in industrial growth. It aimed to strike a balance between public and private enterprises, with the public sector focusing on key industries and strategic sectors, while the private sector continued to contribute to industrial development.
Hence, option 'B' is the correct answer as both the assertion (A) and reason (R) are true, but the reason does not provide a correct explanation for the 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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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?.
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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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.
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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): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.Reason (R): It established the public sector as the epicentre of industrialization.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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