Question

What is a joint sector of industries?

• A. When function under partnership of government and private companies
• B. When function under ownership of individuals
• C. When function under ownership of co-operatives
• D. None of these

Answer 1

The correct option is A When function under partnership of government and private companies

The term 'joint sector' is applied to an undertaking only when both its ownership and control are effectively shared between public sector agencies and a private group. The basic idea underlying the concept is combination of joint ownership, joint control and professional management.