Choose the given statement is True/False

The private sector provides support to the farmers by helping them in the form of procurement of farm products.

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True

False

answer is B.

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Detailed Solution

The above statement is false as it is the public sector (not the private sector) that provides support to farmers by helping them in the form of procurement of farm products. Some other ways through which the public sector contributes to national development are:
1)      The public sector helps in developing the infrastructure of a nation, which further helps in the development of all sectors of the economy.
2)      Subsidies are provided by the government for various activities.
3)      Many services are provided to the public at either low cost or for free, like medical facilities, education, drinking water, sanitation, and housing facilities for the poor.
4)      The government also generates many employment opportunities.
The private sector only works with the motive of profit, not with the intention of public service.

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