Question

In the planning for growth of economic development, which sector is given a responsibility?

• A. Private sector
• B. Public sector
• C. Joint sector
• D. Co-operative sector

Answer 1

The correct option is B Public sector

A public sector company is that company in which the Union Government or State Government or any Territorial Government owns a share of 51 % or more. It plays an important role in capital formation, employment generation, export promotion, etc. Its aims are to promote balanced regional growth, to promote redistribution of income and wealth, to encourage the development of small-scale and ancillary industries, etc