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Question
Public sector enterprises have been set up in India to achieve several objectives. Which of them is not correct?
Options
Substantial increase in industrial output.
To balance in the development of various sector of economy.
To provide opportunities for gainful employment to millions of people in rural area.
To curb private monopoly.
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Solution
To provide opportunities for gainful employment to millions of people in rural area.
Explanation:
Public sector enterprises are primarily concerned with raising industrial output, balancing sectoral development, and reducing private monopolies. While companies may indirectly produce rural jobs, giving direct possibilities for meaningful work in rural regions is not their primary goal. The primary goals are economic development and market control.
