Topics: CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books

Nationalised Private Firms

Question

Some public sector firms were originally private firms that were nationalised to:

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Question (English)

Some public sector firms were originally private firms that were nationalised to:

  1. Increase government revenue
  2. Protect the jobs of workers ✓ Correct
  3. Compete with foreign companies
  4. Reduce imports
Explanation:
Correct Answer Explanation

Some public sector firms were originally private firms on the verge of closure — nationalised to protect workers' jobs.

Key Points:
  • This doesn't mean private firms are always profitable.
  • But loss-making private firms would not waste resources by continuing.

📚 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.

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