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

    Which one of the following is a Private Sector Industry?

    Right Option : D
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    Question : 2

    Which one of the following is a Public Sector Industry?

    Right Option : A
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    Explanation
    Question : 3

    Amul is in which state?

    Right Option : B
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