Question

Which of the following statement is true in context of Private sector industries:-

Options

• These industries are owned either by a person or persons or by a company.

• The concerned person or company holds the control of the industry.

• Both these industries are owned either by a person or persons or by a company and the concerned person or company holds the control of the industry.

• None of these.

Answer 1

Both these industries are owned either by a person or persons or by a company and the concerned person or company holds the control of the industry.

Explanation:

Industries in the private sector:

(i) These industries are either owned by an individual or a corporation.

(ii) The industry is under the control of the person or company in question.

(iii) These industries invest personal capital, and they range from small to medium to large in size, such as Tata and Bata.