SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Private company
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The government
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Jointly by private companies and the govt
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A cooperative society
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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: -The Reliance Group, founded by Dhirubhai H. Ambani, is India’s largest private sector enterprise, with businesses in the energy and materials value chain. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India.
Detailed explanation-3: -The Ambani family holds around 45% of the shares in RIL. Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani.