Read the following passage carefully and answer the question given below. Certain words/phrases are printed in bold to help you locate them while answering the question.
Why, according to the author, did the initiatives such as increased industry-academia and finishing schools not help bridge the skill deficit?
A. These steps were only superficial remedies and the problem could be answered only by reforming the entire education system.
B. These initiatives operate on a profit-making basis rather than aiming at any serious systemic reforms.
C. The allocation of funds of such initiatives was only one-fourth of the need.