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Economics · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 1 · Q18
Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): The excessive regulation of…
Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below :Assertion (A) : The excessive regulation of permit license raj prevented certain private firms from becoming fairly competitive.Reason (R) : Private sector wasted huge amounts in obtaining licenses rather than on improving the product quality and international competitiveness.Alternatives :
Official answer
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Marking-scheme solution
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.