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
Answer (1)
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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