Question : In the early Five-year Plans, what was the primary role of public sector enterprises in the Indian economy?
Option 1: To attract foreign investment
Option 2: To provide social welfare services
Option 3: To drive industrialization and economic growth
Option 4: To promote export-oriented industries
Correct Answer: To drive industrialization and economic growth
Solution : In the early Five-year Plans, the primary role of public sector enterprises in the Indian economy was to drive industrialization and economic growth by investing in key sectors like steel, power, and transportation.
Question : What was the primary objective of the annual plans implemented during the suspension of the Five-year Plans in India?
Option 1: To focus on short-term economic stabilization
Option 2: To prioritize long-term industrial development
Option 3: To promote export-oriented growth
Option 4: To implement social welfare programs
Question : What was the primary focus of public sector enterprises in the early Five-year Plans of India?
Option 1: Export promotion
Option 2: Rural development
Option 3: Heavy industries and infrastructure
Option 4: Information technology
Question : What role did public sector enterprises play in India's planned development?.
Option 1: They focused on export-oriented growth.
Option 2: They were responsible for providing social services.
Option 3: They were the backbone of industrial development.
Option 4: They facilitated the growth of small-scale industries
Question : What impact did the expansion of the state sector have on private enterprises during the initial Five-year Plans?
Option 1: Encouraged private investment
Option 2: Led to privatization of industries
Option 3: Restricted the growth of private enterprises
Option 4: Promoted foreign collaborations
Question : What was a key strategy adopted during the annual plans to address economic challenges in India?
Option 1: Privatization of public sector enterprises
Option 2: Increased emphasis on export-led growth
Option 3: Focus on short-term fiscal consolidation
Option 4: Expansion of social welfare programs
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