| Assertion [A] Many public sector undertakings incurred huge losses due to operational inefficiencies. |
| Reason [R] Red tapism was one of the reasons for continuation of such enterprises. |
A) Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]
B) Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A]
C) Assertion [A] is true, but Reason [R] is false
D) Assertion [A] is false, but Reason [R] is true
Correct Answer: A
Solution :
Bureaucracy and red tapism resulted in operational inefficiencies with majority of the Public Sector Undertakings (PSUs) incurring huge losses, with state controlling the commanding heights of the economy and limited role of private sector.
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