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Question
Explain the following term/concept.
Public Sector Organisation.
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Solution
- It is owned, managed, controlled, and financed by the government.
- It includes Departmental Organisation, Statutory Corporation, and Government Companies.
- Its main objective is to provide services to society.
- It is managed by government officials or the Board of Directors.
- It is large in size and operates on a large scale.
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Explain the following term/concept.
Private Sector Organisation.
Distinguish Between.
Private Sector Organisation and Public Sector Organisation.
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. | ||
Which organisation is an example of the public sector in India?
Which of the following statements is true for the private sector?
Who described public enterprise as state ownership and operation in various sectors?
During which historical stage did the formalised growth of public sector enterprises occur in India?
