Sectors of Economy-Private and Public Sector

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  • Q1

    Enlist any two objectives of public sector.

    Marks:1
    Answer:

    The objectives of public sector are:
    a) Helps to bring economic equality
    b) Helps in capital formation

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  • Q2

    Mention names of any two departmental enterprises in India.

    Marks:1
    Answer:

    The two departmental enterprises in India are –
    a) Indian Railway
    b) Post and Telegraph

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  • Q3

    What do you mean by unorganised segment of private sector?

    Marks:1
    Answer:

    The unorganised segment of the private sector comprises small trading and business activities, and agricultural activities.

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  • Q4

    Define Public sector companies.

    Marks:1
    Answer:

    A company which is registered as a joint stock company and whose majority shares are owned by the government is called a public sector company, e.g., BSNL, BHEL etc.

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  • Q5

    Define private sector.

    Marks:1
    Answer:

    The sector where there is private ownership and management of the factors of production, is defined as private sector.

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