Multiple choice

The primary purpose of nationalization of important industries in India was

  1. to remove the evils of private ownership and under into Socialistic Society

  2. to bridge the gap between the rich and poor

  3. to promote the growth of a sound economy

  4. to liberate the poor from exploitation
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A Correct answer
Explanation

Nationalization was a key policy tool in India to reduce the concentration of economic power in private hands and move toward a socialistic pattern of society, as envisioned in the Directive Principles.

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