A common criticism of India's public sector firms by 1990 was that

many ran at a loss but were kept goingCorrect answerYour answerthey paid the highest dividends in AsiaCorrect answerYour answerthey had all been sold to private ownersCorrect answerYour answerthey exported most of what they madeCorrect answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

Many public sector firms made losses, but it is hard to close a government undertaking even when it drains the nation's limited resources.

Concept: Problems of the public sector
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsRole of the public sector

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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A common criticism of India's public sector firms by 1990 was that

Explanation