Question

Assertion (A): Private sector activities are operated through the instrument of market mechanism.

Reason (R): State Bank of India is a private sector enterprise.

विकल्प

• Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

• Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

• Assertion (A) is true but Reason (R) is false.

• Assertion (A) is false but Reason (R) is true.

Answer 1

Assertion (A) is true but Reason (R) is false.

Explanation:

The private sector comprises enterprises that are owned by private individuals or groups and operate in the market economy to generate profit. Public sector enterprises, like SBI, are government-owned and do not belong to the private sector. Hence, SBI being a public sector bank does not explain the assertion about private sector activities.