Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

Assertion: There was no role of public sector in the new industrial sector during colonial times in India.

Reasoning: There was hardly any capital goods industry to help promote further industrialisation in India during colonial times.

Options:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A) is not true but Reasoning (R) is correct.

Correct Answer:

Assertion (A) is not true but Reasoning (R) is correct.

Explanation:

There was hardly any capital goods industry to help promote further industrialisation in India.

A notable limitation of the new industrial sector during colonial times in India was the limited scope of the public sector's involvement. Public sector enterprises were primarily limited to areas such as railways, power generation, communications, ports, and select departmental undertakings. The public sector's reach and influence in other industries were relatively limited.