Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:
Which sector aimed to improve financial discipline and facilitate modernization through privatization?
Options:
Financial sector
Industrial sector
Service sector
All of the above
Correct Answer:
Industrial sector
Explanation:
Privatization aimed to improve financial discipline and facilitate modernization in the industrial sector. The sale of government-owned enterprises was intended to attract private capital and managerial capabilities, leading to improved performance and efficiency in the sector.