CSEET · Economic and Business Environment · Indian Economy
Which of the following is a feature of the public sector in the Indian economy, as distinct from the private sector?
In the Indian economy the public sector is owned and operated mainly by the government, and its enterprises often pursue social objectives alongside profit. Private firms are driven by owners' profit, and the public sector spans many activities, not just agriculture.
- AAssets and services are owned and operated mainly by the governmentCorrect
- BDecisions are driven solely by profit maximisation of shareholders
- CEnterprises are always small and unregistered
- DIt consists only of agricultural activities
Explanation
The public sector comprises enterprises and services owned and run by central or state governments, often with social objectives besides profit. Sole profit motive and small unregistered units describe private or unorganised businesses, and the public sector is not confined to agriculture.
Did you get it right without looking?
One question tells you little. A timed set on Indian Economy shows your real accuracy, how long you take and where you lose marks.
More Indian Economy questions
- Which of the following is an initiative or index published by NITI Aayog?
- Which measure formed part of the 1991 reforms in the external sector?
- Which statement best describes the shift in approach from the Planning Commission to NITI Aayog?
- Which description best fits the Indian economy in terms of its economic system as taught in the CSEET syllabus?
- The New Economic Policy introduced in India in 1991 is commonly summarised by which three-word set of reform directions?
- A poverty line in India based on the minimum consumption expenditure needed to obtain a basic basket of goods and services is an example of …