(A) Explain the following statements with reasons. (1) Independent India opted for mixed economy. (2) Banks were nationalised in 1969. (3) Mill workers went on strike.
Answers
Answered by
0
- When the public sector became unable to provide sufficient services to economy and it lacked funds to finance heavy industries the Government needed to remove all licences etc to let the private sector enter these fields. ... Hence, India opted for Mixed economy.
- Indira Gandhi told the Lok Sabha on 29 July 1969 that the “purpose of nationalization is to promote rapid growth in agriculture, small industries and export, to encourage new entrepreneurs and to develop all backward areas
- The purpose of the strike was to obtain bonus and increase in wages
Similar questions