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Question
From the set of statements given in column I and column II choose the correct pair of statements.
| Column I | Column II |
| (A) Objective of Public Sector | (i) Profit |
| (B) Feature of Urban Sector | (ii) Seasonal employment |
| (C) Public Sector | (iii) ONGC |
| (D) First Industrial Policy | (iv) 1956 |
Alternatives:
Options
A - (i)
B - (ii)
C - (iii)
D - (iv)
MCQ
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Solution
C - (iii)
Explanation:
ONGC (Oil and Natural Gas Corporation) is a public sector enterprise in India. It is owned and managed by the Government of India, which implies it functions under government supervision to promote national objectives rather than mainly for profit. Such public-sector initiatives are critical to the development of essential industries, the protection of natural resources, and the promotion of national economic progress.
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