SSC MTS EXAM

Detailed explanation-1: -Public sector helps the government to enforce social control on trade and industry for ensuring equitable distribution of goods and services, Public sector organisations are businesses set up with the aim of providing a public service rather than making a profit.

Detailed explanation-2: -The primary objectives of the public sector are to provide basic goods and services to the citizens, promote economic development, and protect the interests of weaker sections of society.

Detailed explanation-3: -Profit Maximization is implied objective of any business activity. Every business activity is started with the ultimate aim of making profit. Profit maximization objective of financial management means that all financial decisions are made with a view to maximize profit of the firm with all its investments and savings.

Detailed explanation-4: -The main motive of public sector organisations is to engage in activities that serve the general public. The main motive of the private sector is to earn profits from their business operations.