Question

One way of privatisation adopted by India was to reduce the number of sectors reserved for the public sector.

How many sectors were reserved for the public sector before and after the new economic policies of 1991?

• A. Reduced from 18 to 8
• B. Reduced from 10 to 8
• C. Reduced from 17 to 8
• D. Reduced from 8 to 7

Answer 1

The correct option is C Reduced from 17 to 8

Privatisation can be done through various ways. One way that India adopted was to reduce the number of sectors reserved for the public sector. India reduced the number of sectors reserved for public sector from 17 to 8. Those sectors were opened up for the private sectors for investment and operation.