Question

Enumerate the various objectives of a public sector undertaking.

Answer 1

The main objectives of the Public Sector Undertaking are:
(i) To ensure long - term economic progress of the country.
(ii) To help the country to progress economically by providing basic infrastructural facilities.
(iii) To facilitate the balanced economic development of the country.
(iv) To achieve social justice by ensuring equitable distribution of income.
(v) To provide employment opportunities to a large proportion of the population.
(vi) To gainfully use the profits from entrepreneurial ventures for the development of the country.
(vii) To ensure that the country is self-reliant in key areas.
(viii) To help in the earnings of foreign exchange.