Multiple choice

Which of the following conditions is/are considered to classify an industry as a public or a private sector industry?

  1. Raw material used in the industry

  2. Capital investment used in the industry

  3. Ownership of the industry

  4. All of the above

  5. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. An industry in which the government or its agencies undertake economic activities are public sector industries, e.g. BHEL. Industries owned and run by private individuals are private industries, e.g. TATA Steel.

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