Choose the given statement that is true/false.

The public sector contributes to the development of a nation.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The public sector indeed contributes to the development of a nation. The development of a country means all classes of the government have access to proper basic facilities. The public sector does not aim for profit. Its primary function is to provide people of all types with good basic facilities. This public sector provides health, education, and transportation at reasonable rates for less privileged people. Also, by buying food grains from farmers, selling them at fair prices, and providing water, electricity, and postal services at lower rates, the government ensures that all its citizens have a good life.

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