Multiple choice

Sectors are classified into public and private sector on the basis of

  1. ownership of enterprise

  2. ownership of government

  3. ownership of country

  4. ownership of states

  5. none of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sectors are classified into public and private sectors on the basis of ownership of enterprise. Enterprises owned by government are classified as public sector, and privately owned enterprises by individual and companies are classified as private sector, e.g. PSU, State Bank of India are classified under public sector and Airtel, ICICI bank are private sector enterprises.