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Question : Which of these is not one of the reasons why the public sector played a dominant role in establishing the Industrial sector in India post-independence?

Option 1: Poor savings capacity of the public

Option 2: To avoid the generation of private profit

Option 3: Absence of a large enough market for output

Option 4: Lack of adequate capital with private industrialists


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Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: To avoid the generation of private profit


Solution : The correct answer is To avoid the generation of private profit.

India is a socialist country. Post-independence, it was tough for our leaders because capitalists and communists were in full swing. But India chooses its way differently from the two described earlier by socialists.

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