Q.
1
Statement 1: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over- employment.
Statement 2: There is a need now to induce more private sector investment and participation in provision of social overheads as it may encourage better risk sharing, accountability, monitoring and management of infrastructure sector.
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A
Both I and II are correct
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B
I is correct but II is incorrect
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C
Both I and II are incorrect
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D
I is incorrect but II is correct