Classification of Industries based on Ownership


 
 
Concept Explanation
 

Classification of Industries based on Ownership

Classification On The Basis Of Ownership: Industries are classified as public sector industries, private sector industries, joint sector industries, cooperative societies and multinational firms.

  • Public sector industries- These owned, managed and controlled by the state or central government. These industries operates more for the benefit of the public than making profits. The price for their products is fixed through planning. Examples- Oil & Gas Industry, Railways, Atomic Energy Etc.
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    Sample Questions
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    Question : 1

    The industries on the basis of ownership are:

    Right Option : D
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    Question : 2

    Which of the following is a Joint Sector Industry?

    Right Option : C
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    Question : 3

    TATA and Reliance are owned and operated by individuals or a group of individuals is known as _______ sector.

    Right Option : C
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    Explanation
     
     
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