Question

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

Options

• Public sector industries are owned either by govt or govt undertaking.

• The production and trade are controlled by govt.

• Both public sector industries are owned either by govt or govt undertaking and the production and trade are controlled by govt.

• None

Answer 1

Both public sector industries are owned either by govt or govt undertaking and the production and trade are controlled by govt.

Explanation:

Industries in the public sector:

(i) The government or a government undertaking owns public sector industries.

(ii) The government controls both production and trade.

(iii) The government invests capital in these industries, which are on a large scale, such as the Bhilai iron and steel plant.