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Question
On which of the following sectors did an increase in capital formation have a direct impact?
On which of the following sectors did an increase in capital formation have a direct impact?
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Solution
The correct option is C Industrial sector
Producing or increasing capital goods is known as capital formation. It is directly proportional to the development of the country. The increase in capital formation had a direct impact on the development of agriculture and industries in India.
Producing or increasing capital goods is known as capital formation. It is directly proportional to the development of the country. The increase in capital formation had a direct impact on the development of agriculture and industries in India.
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