Assertion (A): The definition of a small-scale industry changed over time.
Reason (R): The investment limit of ₹5 lakh set in 1950 has been raised several times.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

SSI is defined by an investment limit; as the limit was raised, the definition changed.
R explains A.

Concept: Defining SSI
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsSmall-scale industry

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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Assertion (A): The definition of a small-scale industry changed over time.Reason (R): The investment limit of ₹5 lakh set in 1950 has been raised several times.

Explanation

Assertion (A): The definition of a small-scale industry changed over time.
Reason (R): The investment limit of ₹5 lakh set in 1950 has been raised several times.