Question

Which of the following statements is/are correct?

1. The entire agricultural sector is owned and managed by the private sector.
2. The wholesale as well as retail trade in India are in the hands of the private sector.

Options

• Only I

• Only II

• Both I and II

• None of these

Answer 1

Both I and II

Explanation:

1. The entire agricultural sector in India is indeed owned and managed by the private sector. There is no significant government ownership or management in agriculture; farming is predominantly done by private individuals or families.
2. Wholesale as well as retail trade in India are also largely managed by the private sector. Private individuals and businesses dominate trade activities across the country.