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Questions
Distinguish between the Public sector and the Private sector.
Distinguish between the Public sector industry and Private industry.
Distinguish Between
Solution
| Aspect | Public Sector Industry | Private Industry |
| Ownership | Owned and managed by the government. | Owned and managed by individuals or private companies. |
| Objective | Works for public welfare and economic development. | Works for profit maximization. |
| Capital Investment | Funded by government resources and public taxes. | Funded by private investors and business owners. |
| Control & Management | Controlled by government policies and regulations. | Controlled by private owners or corporate boards. |
| Job Security | Offers stable jobs with government benefits. | Job security depends on business performance. |
| Efficiency | Can be less efficient due to bureaucracy. | Generally more efficient and profit-driven. |
| Examples | Indian Railways, ONGC, SAIL | Tata Motors, Reliance Industries, Infosys |
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Types of Employment: Organised and Unorganised Sectors
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RELATED QUESTIONS
Which sector is not included in the occupational pattern?
Find the odd one
Assertion (A): The unorganized sector of the economy characterized by the household manufacturing activity and small-scale industry.
Reason (R): Jobs here are low paid and often not regular.
Match the List I with List II using the codes given below:
| a. Agriculture, Forestry, Fishery and Mining | 1. Unorganized sector |
| b. Manufacturing, Electricity Gas and Water Supply | 2. Service Sector |
| c. Trade, Transport, and Communication | 3. Secondary sector |
| d. Unincorporated Enterprises and Household industries. | 4. Primary Sector |
Match the following
| 1. Public sector | a. Banking |
| 2. Private sector | b. Poultry |
| 3. Primary sector | c. Profit motive |
| 4. Tertiary sector | d. Service motive |
Explain the primary sector.
Tertiary sector is in top position in the world now Justify.
This sector do not enjoy any special benefit.
This ______ is the Private Sector.
______ are not registered with the government.
