1
Question
Q. Consider the following statements about Public Private Partnership:
Which of the above given statements is/are correct?
Q. Consider the following statements about Public Private Partnership:
Which of the above given statements is/are correct?Open in App
Solution
The correct option is D
2 and 3 only
Explanation:
Statement 1 is incorrect: PPP is neither a privatisation nor a partial privatisation. In privatization ownership or management of a service or activity, in whole or part will be shifted from government to the private sector.
Statement 2 is correct: The responsibility for delivery and funding a particular service rests with the private sector in privatisation but on the other hand in PPP model involves full retention of responsibility by the government for providing the services.
Statement 3 is correct: Before 1991 economic reforms infrastructure projects were mainly developed by the Government. New industrial policy in 1991 aimed to develop the industrial and infrastructure sectors, which gave more emphasis on private participation.
2 and 3 only
Explanation:
Statement 1 is incorrect: PPP is neither a privatisation nor a partial privatisation. In privatization ownership or management of a service or activity, in whole or part will be shifted from government to the private sector.
Statement 2 is correct: The responsibility for delivery and funding a particular service rests with the private sector in privatisation but on the other hand in PPP model involves full retention of responsibility by the government for providing the services.
Statement 3 is correct: Before 1991 economic reforms infrastructure projects were mainly developed by the Government. New industrial policy in 1991 aimed to develop the industrial and infrastructure sectors, which gave more emphasis on private participation.
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