Economic Role of the Public Sector

Description: This quiz is designed to assess your understanding of the economic role of the public sector in India.
Number of Questions: 15
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Tags: indian economics economic history of india economic role of the public sector
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What is the primary objective of the public sector in India?

  1. To maximize profits

  2. To provide essential services

  3. To promote economic growth

  4. To regulate the private sector


Correct Option: B
Explanation:

The primary objective of the public sector in India is to provide essential services to the population, such as education, healthcare, and transportation.

Which of the following is not a major industry in the public sector in India?

  1. Steel

  2. Coal

  3. Automobiles

  4. Petroleum


Correct Option: C
Explanation:

Automobiles are not a major industry in the public sector in India. The public sector is primarily involved in industries such as steel, coal, and petroleum.

What is the role of the public sector in promoting economic growth in India?

  1. By providing infrastructure

  2. By investing in education and healthcare

  3. By providing subsidies to businesses

  4. By regulating the private sector


Correct Option: A
Explanation:

The public sector plays a crucial role in promoting economic growth in India by providing infrastructure, such as roads, railways, and ports.

How does the public sector regulate the private sector in India?

  1. By setting prices

  2. By issuing licenses and permits

  3. By imposing taxes

  4. By conducting inspections


Correct Option: B
Explanation:

The public sector regulates the private sector in India primarily by issuing licenses and permits.

What is the role of the public sector in providing social welfare in India?

  1. By providing education and healthcare

  2. By providing subsidies to the poor

  3. By providing employment opportunities

  4. By providing housing


Correct Option: A
Explanation:

The public sector plays a significant role in providing social welfare in India by providing education and healthcare.

Which of the following is not a challenge faced by the public sector in India?

  1. Corruption

  2. Inefficiency

  3. Lack of accountability

  4. Lack of competition


Correct Option: D
Explanation:

Lack of competition is not a challenge faced by the public sector in India. The public sector is often a monopoly or a dominant player in many industries.

What is the role of the public sector in promoting social justice in India?

  1. By providing equal opportunities to all

  2. By reducing income inequality

  3. By promoting affirmative action

  4. By providing social security


Correct Option: A
Explanation:

The public sector plays a vital role in promoting social justice in India by providing equal opportunities to all.

How does the public sector contribute to the overall economic development of India?

  1. By providing employment opportunities

  2. By generating revenue

  3. By promoting investment

  4. By providing social welfare


Correct Option: A
Explanation:

The public sector contributes to the overall economic development of India by providing employment opportunities to a large number of people.

What is the role of the public sector in promoting environmental sustainability in India?

  1. By regulating pollution

  2. By investing in renewable energy

  3. By promoting afforestation

  4. By educating the public about environmental issues


Correct Option: A
Explanation:

The public sector plays a crucial role in promoting environmental sustainability in India by regulating pollution.

How does the public sector contribute to the development of human capital in India?

  1. By providing education and healthcare

  2. By promoting skill development

  3. By providing employment opportunities

  4. By providing social security


Correct Option: A
Explanation:

The public sector contributes to the development of human capital in India primarily by providing education and healthcare.

What is the role of the public sector in promoting technological innovation in India?

  1. By funding research and development

  2. By providing incentives to businesses for innovation

  3. By creating a favorable environment for innovation

  4. By protecting intellectual property rights


Correct Option: A
Explanation:

The public sector plays a significant role in promoting technological innovation in India by funding research and development.

How does the public sector contribute to the overall economic stability of India?

  1. By regulating the financial system

  2. By providing social security

  3. By promoting economic growth

  4. By providing employment opportunities


Correct Option: A
Explanation:

The public sector contributes to the overall economic stability of India by regulating the financial system.

What is the role of the public sector in promoting international trade in India?

  1. By negotiating trade agreements

  2. By providing export subsidies

  3. By promoting foreign investment

  4. By regulating imports and exports


Correct Option: A
Explanation:

The public sector plays a crucial role in promoting international trade in India by negotiating trade agreements.

How does the public sector contribute to the development of infrastructure in India?

  1. By investing in infrastructure projects

  2. By providing subsidies for infrastructure development

  3. By regulating infrastructure development

  4. By promoting private investment in infrastructure


Correct Option: A
Explanation:

The public sector contributes to the development of infrastructure in India primarily by investing in infrastructure projects.

What is the role of the public sector in promoting rural development in India?

  1. By providing basic amenities in rural areas

  2. By promoting agriculture and allied activities

  3. By providing employment opportunities in rural areas

  4. By promoting rural infrastructure development


Correct Option: A
Explanation:

The public sector plays a significant role in promoting rural development in India by providing basic amenities in rural areas.

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