Question

On the basis of ownership, industries can be categorised under the joint sector. What does joint sector mean?

• A. Public and small-scale industries working together
• B. Private and small-scale industries working together
• C. Public and private industries working together
• D. Cottage and small-scale industries working together

Answer 1

The correct option is C Public and private industries working together

On the basis of ownership, sectors are divided into public, private, and joint sectors. Public sector companies are owned by the government like BHEL, SAIL, etc. Private sector companies are owned by individuals or private groups like Infosys, Wipro, etc. Joint sector companies are owned by both private players and the government. Hence, they are also called public-private partnerships.