SSC MTS EXAM

Detailed explanation-1: -The correct answer is Ownership of enterprises. Public and private sector: The industrial sectors are classified into public and private sectors on the basis of ownership of enterprises. Public sectors refer to government-owned organizations and private sectors are not government-owned.

Detailed explanation-2: -What are public and private sectors banks? Banks classified as public sector banks are those in which the federal or state governments hold a majority stake. Private sector banks are those whose stock is primarily owned by private companies or individuals.

Detailed explanation-3: -The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government.