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Question
Explain the organs of public sector.
Answer in Brief
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Solution
- Administration by a Government Department:
- It is very common almost in all countries.
- Example - Post and Telegraph, Railways, Port Trust, Irrigation Projects on India, etc.,
- The Joint sector companies:
- It is governed by company law and controlled by the Government as principal major shareholders.
- Example – Indian Oil Personas Pvt Ltd, Indian Oil Sky tanking Limited. Ratting Gas and Power Private Limited Indian Synthetic Rubber Limited.
- Public Corporation:
- This type of organization is the establishment of the public corporations by the state of the parliament of the legislature.
- Example – LIC, Air India, The Reserve bank of India, Electricity Board.
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Introduction of Public and Private Sector
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