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Question
The public sector enterprises are owned and controlled by the ______.
Options
Government
Individuals
Foreigners
None of these
MCQ
Fill in the Blanks
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Solution
The public sector enterprises are owned and controlled by the government.
Explanation:
The public sector enterprises are managed and funded by the government at the central, state, or local level. Their main objective is public welfare rather than profit maximization. This distinguishes them from private sector enterprises which are owned by individuals or companies and focus on profit. Examples include railways and postal services, which are operated by the public sector for the benefit of society.
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