Consider the following statements about nationalisation:
(A) It is the transfer of ownership from the private sector to the public sector.
(B) It may involve a take-over of companies owned by individuals by either a state or the central government.
(C) In some contexts, it involves transfer of ownership from a state government to the central government.
(D) In the late 1970s and 1980s, nationalisation of industries was the major thrust area in Pakistan.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A), (B) and (C) only
Nationalisation means moving ownership from the private sector to the public sector.
(A) It is the transfer of ownership from the private sector to the public sector. — Correct. This is the meaning of nationalisation.
(B) It may involve a take-over of companies owned by individuals by either a state or the central government. — Correct. Either a state or the central government may take over such companies.
(C) In some contexts, it involves transfer of ownership from a state government to the central government. — Correct. In some cases ownership passes from a state government to the central government.
(D) In the late 1970s and 1980s, nationalisation of industries was the major thrust area in Pakistan. — Incorrect. Pakistan nationalised capital goods industries in the 1970s. In the late 1970s and 1980s its thrust was denationalisation and the private sector.
NCERT (2026-27): Glossary: “Nationalisation – Transfer of ownership from private sector to public sector. This involves take over of companies owned by individuals or group of individuals by either state or central government. In some contexts, it also involves transfer of ownership from state government to central government.” “8.2 Developmental Path—a Snapshot View … In the 1970s, nationalisation of capital goods industries took place. Pakistan then shifted its policy orientation in the late 1970s and 1980s when the major thrust areas were denationalisation and encouragement of private sector. …” |