Read the following passage and answer the question that follows:

Net profits are only 2.2% of their total assets for central public sector undertakings, lower than for the private corporate sector. While the public sector or the State-led entrepreneurship played an important role in triggering India's industrialization, our evolving development needs, comparatively less-than-satisfactory performance of the public sector enterprises, the maturing of our private sector, a much larger social base now available for expanding entrepreneurship and the growing institutional capabilities to enforce competition policies would suggest that the time has come to review the role of public sector...

According to the passage, what were the reason/reasons for saying that the time has come to review the role of public sector?
1. Now public sector has lost its relevance in the industrialization process.
2. Public sector does not perform satisfactorily.
3. Entrepreneurship in private sector is expanding.
4. Effective competition policies are available now.

Question

Read the following passage and answer the question that follows:

Net profits are only 2.2% of their total assets for central public sector undertakings, lower than for the private corporate sector. While the public sector or the State-led entrepreneurship played an important role in triggering India's industrialization, our evolving development needs, comparatively less-than-satisfactory performance of the public sector enterprises, the maturing of our private sector, a much larger social base now available for expanding entrepreneurship and the growing institutional capabilities to enforce competition policies would suggest that the time has come to review the role of public sector...

According to the passage, what were the reason/reasons for saying that the time has come to review the role of public sector?
1. Now public sector has lost its relevance in the industrialization process.
2. Public sector does not perform satisfactorily.
3. Entrepreneurship in private sector is expanding.
4. Effective competition policies are available now.

Accepted Answer

Correct Option: (C) 2, 3 and 4 only

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