Question : Which sector was primarily targeted for privatization in India?
Option 1: Agriculture
Option 2: Education
Option 3: Health care
Option 4: Public enterprises
Correct Answer: Public enterprises
Solution : The correct answer is (d) Public enterprises
The sector primarily targeted for privatization in India was public enterprises. As part of the economic reforms initiated in 1991, the Indian government recognized the need to reduce the burden of state-owned enterprises on public finances and promote efficiency in the economy.
Public enterprises in sectors such as telecommunications, airlines, banking, insurance, and other industries were identified for privatization. The government aimed to disinvest or sell its ownership stakes in these enterprises to private entities, either partially or wholly.
It is important to note that while privatization was primarily targeted at public enterprises, it does not mean that other sectors such as agriculture, education, and healthcare were not subject to reforms or changes. However, privatization of public enterprises was a key focus of the liberalization policies in India.
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Question : Which sector was primarily targeted for growth in the Second Five-year Plan of India?
Option 2: Services
Option 3: Industry
Option 4: Defense
Question : Which organization was established to oversee the process of disinvestment and privatization of public sector enterprises in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Securities and Exchange Board of India (SEBI)
Option 3: Ministry of Finance
Option 4: Department of Disinvestment
Question : Which sector witnessed increased competition due to liberalization in India?
Option 4: Telecom and communication
Question : What was the main reason behind the privatization of public sector enterprises in India?
Option 1: Promoting efficiency and profitability
Option 2: Reducing government expenditure
Option 3: Controlling inflation
Option 4: Encouraging worker participation
Question : Which of the following is not a measure to reduce rural poverty in India?
Option 1: Increasing agricultural productivity
Option 2: Promoting non-farm employment opportunities
Option 3: Enhancing access to credit facilities for farmers
Option 4: Privatization of public sector enterprises
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