Questions :
Which of the following statements is correct about privatisation? Statements : I. It promotes economic efficiency II. It limits the interference of bureaucracy III. It leads to market failure
Options :
- Only statements I and II
- Only statement I
- Only statement II
- Only statement III
correct answer : a)
Explanation :
Privatisation improves efficiency and reduces bureaucratic control, but it does not necessarily lead to market failure. Hence, statements I and II are correct.