Question

Companies like the Steel Authority of India and Bharat Heavy Electricals Limited are known as PSUs.

What can we understand from the statement given above?

• A. PSUs are owned privately.
• B. PSUs are owned by the government.
• C. PSUs are jointly owned by the private as well as the public sector.
• D. PSUs are owned by a foreign government.

Answer 1

The correct option is B PSUs are owned by the government.

Industries, on the basis of ownership, are classified into public, private, and joint. PSU stands for public sector undertakings. They are owned by government, for example, BHEL and SAIL. Companies like Infosys and Wipro are owned privately.