GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Government
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Private Company
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A cooperative Society
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Joint Sector
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Detailed explanation-1: -Both Tisco and Reliance industries are run by an individual and they belong to the private sector. A private sector company is not run by the government, but it is a part of the country’s economy.
Detailed explanation-2: -Private sector industries are owned and operated by individuals or groups of individuals. For example Tata Iron and Steel Company Limited (TISCO), now known as Tata Steel is involved in steel production. Q.
Detailed explanation-3: -Reliance Industries Limited, privately owned conglomerate that operates in petrochemical production and refining, textile, retail, marketing, telecommunications, and other industries. It was the first privately owned Indian company to enter the Fortune 500.
Detailed explanation-4: -TISCO stands for Tata Iron and Steel Corporation. It is a private sector owned company.