With reference to the functions of Public Sector in India, which of the following statements is/are correct? I. To provide public utility resources II. To build social and economic overhead capital growth III. To ensure balanced regional and sectoral development IV. To pursue egalitarian goals Select the correct answer using the codes given below:
Verified Answer
A. I, II and III are correct
B. II and III are correct
C. I, II, III and IV are correct
D. I, III and IV are correct
Explanation:
The public sector in India plays a multifaceted role. It provides public utility resources (I), builds social and economic overhead capital (II), ensures balanced regional and sectoral development (III), and pursues egalitarian goals (IV). All these are recognized functions of the public sector in a mixed economy like India.