CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Benefits and Disadvantages of a Government Company

The governmen...

Question

The government of India has entered MOU with many public sector enterprises to improve their performance. Which values are involved in this action of the Government.

Open in App

Solution

The values involved in this decision are :

(a) Optimum utilisation of government resources for economic development.

(b) Benefits of professional management will be achieved.

(c) No unnecessary and undesired political interference in these enterprises.

(d) Effective and efficient accomplishment of goals and objectives of public sector units.

Suggest Corrections

thumbs-up

0

Similar questions

Do you think the Navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?

Q. The government has been watching for some time that the performance of industry in Public sector is not coming up to the level of standardisation. Several efforts have been put in, but because of no improvement in it, the government decided to increase the role of Private Sector in some areas of Public sector. This would bring about improvement in the level of performance. The reason for the government to make this decision was that the different departments of an industrial unit in Public sector do not work with each other. The situation in private sector is entirely opposite to it.
(a) Identify the concept of management which shows the failure of public sector. Give its importance also.
(b) Which concept of business environment has been described in above case? Identify it and give its meaning.

Q. The role of public sector was redefined. In July _________, Government identified nine central public sector enterprises as 'Navaratnas'.

Q. The role of public sector was redefined. In July _________ Government identified nin central public sector enterprises as 'Navaratnas'.

Q. In 1991, the policy was adopted to improve the performance of public sectors companies in India.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Types of Business Enterprises - 2

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Benefits and Disadvantages of a Government Company

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon