BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Be more efficient.
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To borrow funds from government.
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Generate their own resources.
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To take loans from Bank.
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Detailed explanation-1: -The examples of public sector industries in India are: National Thermal Power Corporation (NTPC) Bharat Heavy Electricals Limited (BHEL) Gas Authority of India Limited (GAIL)
Detailed explanation-2: -Railways or post office is an example of the public sector. Other examples are construction of roads, bridges, harbours, generating electricity, providing irrigation through dams, etc.
Detailed explanation-3: -Public sectors include the public goods and governmental services such as the military, law enforcement, infrastructure, public transit, public education, along with health care and those working for the government itself, such as elected officials.
Detailed explanation-4: -Low Level of Demand: At the time of independence, the majority of population was poor and had low level of income. Consequently, there was low level of demand and so there was no impetus for any private sector to undertake investment in order to fulfill these demands.