Select if the given statement is true/false:

In India, the private sector is well developed and hence the public sector is of no importance.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
In India, the private sector has become a well-developed one, but the importance of the public sector cannot be neglected. Most of the basic facilities in India are provided by the public sector, which includes roads, railways, bridges, and so on. The private sector is also highly dependent on the public sector as it provides many subsidies to the private sector to enhance their production. In addition, the public sector in India is well known for its provision of health care and educational facilities at very low costs. It also provides other facilities like drinking water, food, and nutrition.
The correct statement is that the importance of the public sector cannot be neglected, even if the private sector is well-developed.

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