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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


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

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.

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