In India, the public sector is most dominant in ________.

transport

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steel production

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commercial banking

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organised term lending financial institutions

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Solution

The correct option is C commercial banking

A commercial bank is a financial institution that provides various financial service, such as accepting deposits and issuing loans. Commercial bank customers can take advantage of a range of investment products that commercial banks offer like savings accounts and certificates of deposit.

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Discuss the rationale for giving a dominant role to the public sector.

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