Question

Joint Sector in Indian Economy implies ___________________.

• A. That the share of any Government in an enterprise is more than 60%
• B. Any enterprise owned jointly by private sector parties and the public sector
• C. Another term for cooperative sector
• D. Any commodity produced by the private sector as well as by public sector

Answer 1

The correct option is B Any enterprise owned jointly by private sector parties and the public sector

The joint sector represents a new ideology of economic management geared to sub serve a new economic system.

The term is applied to an under­taking only when both its ownership and control are effectively shared between public sector agen­cies on the one hand and a private group on the other.