Which of the followingwas not a reason for the public sector to play a major role in the initial phase of Indian Economic Planning? (choose the correct alternative)
A. Private entrepreneurs lacked sufficient capital for investment.
B. Government aimed at social welfare.
C. The market was big enough to encourage private industrialists for investment.
D. The government wanted to protect the indigenous producers from the foreign competition.
Answer:C
Which of the followingwas not a reason for the public sector to play a major role in the initial phase of Indian Economic Planning? (choose the correct alternative)
A. Private entrepreneurs lacked sufficient capital for investment. B. Government aimed at social welfare. C. The market was big enough to encourage private industrialists for investment. D. The government wanted to protect the indigenous producers from the foreign competition.