Question 53
HardOriginal questionRead the two statements and choose the correct option.
I. The rise in industry's share of GDP during 1950–90 is a sign of development.
II. By 1990, the public sector had become the most efficient part of Indian industry.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
As economies develop, industry's share of output rises: I is true.
Many public firms were inefficient and made losses, so II is false.
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Ten questions from Industry & Trade, 1950–90, at your own pace.