BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Selling stakes in loss making PSUs
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Sale of partial interest in other PSUs
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Strategic sale of PSUs
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All of these
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Detailed explanation-1: -The first mass privatization of state property occurred in Nazi Germany between 1933 and 1937: “It is a fact that the government of the National Socialist Party sold off public ownership in several state-owned firms in the middle of the 1930s.
Detailed explanation-2: -Manmohan Singh introduced some major economic reforms. Now, we call it the liberalization of the Indian Economy and the LPG reforms. Privatization has a very broad meaning in economics.
Detailed explanation-3: -Definition: The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.