Question

Which of the following statements is true regarding public sector industries?

• A. Public sector industries are owned and managed by private industrialists.
• B. Public sector industries are owned by the government and managed by the private individuals.
• C. Public sector industries are completely under the control and management of the government.
• D. Public sector industries are the properties of the government run by private individuals.

Answer 1

The correct option is C Public sector industries are completely under the control and management of the government.

Public sector industries are owned by the government. They operate under the control and management of the government. The defence equipment manufacturing industry is one such public sector industry in India.