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Explain the following term/concept. Private Sector Organisation. - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Private Sector Organisation.

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उत्तर

  1. It is owned, managed, controlled, and financed by individuals or groups of individuals.
  2. It includes Sole Trading Concern, Joint Hindu Family Firm, Partnership Firm, Joint Stock Company, and Cooperative Society.
  3. Its main objective is to maximise profit.
  4. It is managed by the owner himself or by their elected representatives.
  5. It generally operates in industrial and commercial areas only.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Forms of Business Organisation - II - EXERCISE [पृष्ठ ११५]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 5 Forms of Business Organisation - II
EXERCISE | Q 2. 2) | पृष्ठ ११५

संबंधित प्रश्न

Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid-up capital by govt.
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid-up capital by govt.

Give one word/phrase/term.
Organisations which are owned by the government


Give one word/phrase/term.
The sector which aims at providing reliable services to customers.


State True or False.

Public sector Organisations are owned by government.


State True or False.

The private sector aims at providing reliable services to customers.


State True or False.

The public sector was undertaken as a part of industrial policy, 1956.


Find the odd word out.


State True or False.

Public enterprises are owned, managed and controlled by the public.


Answer in one sentence.

What is Public Sector?


Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by govt.
C) Departmental Organisation  3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid up capital by govt.

Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by govt.
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid up capital by govt.

Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by govt.
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid up capital by govt.

Match the pairs:

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by government
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
  6) 51% paid up capital by government

Which organisation is an example of the public sector in India?


What is the main purpose of a public sector organisation?


During which historical stage did the formalised growth of public sector enterprises occur in India?


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