Industry Diversification Credit
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Question (English)
The industrial diversification by 1990 was largely due to:
- Foreign investment
- The public sector ✓ Correct
- Agricultural growth
- Import of machinery
Explanation:
Correct Answer Explanation
Industrial diversification was largely due to the public sector.
Key Points:
- Industry no longer restricted to cotton textiles and jute.
- The public sector led development in electronics, automobile and other sectors.
- Protection from foreign competition enabled indigenous industry development.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
