Question

On the basis of ownership, industries can be classified as:

• A. Factory and non-factory manufacturing units
• B. Public, private, and joint sector
• C. Large-scale and small-scale industries
• D. Cottage and small-scale industries

Answer 1

The correct option is B Public, private, and joint sector

Based on ownership, industries can be classified as public sector, private sector, or joint sector. Public industries are owned and run by the government, whereas private industries are run and owned by private enterprises. Joint sectors are run as a collaboration between the government and private parties.