| Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? |
| Assertion (A) The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system. |
| Reason (R) Under socialism properties are managed by the state. |
A) Both A and R are true and R is the correct explanation of A.
B) Both A and R are true, but R is not the correct explanation of A.
C) A is true, but R is false.
D) A is false, but R is true.
Correct Answer: B
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