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Question

How would flexibility in labour laws help companies?


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Solution

Answer: The correct answer is option C – The ownership of enterprises.

  • In public sector enterprises, the Government provides all the services.
  • In public sector enterprises, the assets are owned by the Government.
  • Few examples of Public sector enterprises are Railways, Post Office etc.
  • Central Public Sector enterprises are divided into Maharatna, Navaratna and Miniratna companies
  • Different criterias are used by the Government for classification.
  • NTPC, SAIL, ONGC, IOCL, GAIL, CIL, HPCL are a few of the Maharatna companies.

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