Assertion (A): Industry was found in pockets in Russia in the 20th century.

Reason (R): Most industries were the private property of industrialists.

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Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true and (R) is not the correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

answer is A.

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Detailed Solution

Russia was an agrarian economy before the 20th century. Significant economic changes were made during the reign of Tsar Nicholas II and his Finance Minister Sergei Witte in early 20th century Russia. Industries started coming up in pockets in Russia, especially in St. Petersburg and Moscow. Most industries were owned privately by the industrialists and were located near the craft workshops. The government-controlled large industries employed labour for a limited time and ensured minimum wages. A notable increase was seen in Russia’s economy between 1890 and 1910 due to high trade and the establishment of the Trans- Siberian Railway. Hence, both the Assertion and Reason are true, and the Reason is the correct explanation of the Assertion.

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