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The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?
- a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.
- b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forces
- c)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forces
- d)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfare
Correct answer is option 'C'. Can you explain this answer?
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The leading industries of Birla Group, Reliance, Tata Group of industr...
Private Sector Industries: Characteristics of Birla Group, Reliance, Tata Group
Private sector industries are an essential part of a country's economy, and they are owned, managed, and controlled by a group of individuals or companies. The Birla Group, Reliance, and Tata Group of Industries are some of the prominent players in the Indian private sector. The characteristics of these industries are as follows:
1. Operated mainly for Profits
The primary objective of private sector industries is to earn profits. These industries invest their resources in projects that can generate maximum returns. For instance, the Tata Group of Industries operates in various sectors such as steel, automobiles, and hospitality, and all these ventures are run to maximize profits.
2. Owned, Managed, and Controlled by a Group of Individuals
Private sector industries are owned, managed, and controlled by a group of individuals or companies. These owners have the freedom to make decisions without any government intervention. For example, Reliance Industries Limited is owned and managed by Mukesh Ambani, who makes all the major decisions regarding the company's operations.
3. Prices of Products are Determined by Market Forces
Private sector industries operate in a competitive market, and the prices of their products are determined by market forces. These industries use market research to understand the consumer's behavior and price their products accordingly. For instance, the Birla Group operates in various sectors such as cement, textiles, and chemicals, and all these products' prices are determined by market forces.
In conclusion, private sector industries such as the Birla Group, Reliance, and Tata Group of Industries are characterized by their profit-oriented approach, owned and managed by a group of individuals, and prices of products are determined by market forces. These industries play a crucial role in the country's economy by generating employment, revenue, and contributing to the country's growth.
Private sector industries are an essential part of a country's economy, and they are owned, managed, and controlled by a group of individuals or companies. The Birla Group, Reliance, and Tata Group of Industries are some of the prominent players in the Indian private sector. The characteristics of these industries are as follows:
1. Operated mainly for Profits
The primary objective of private sector industries is to earn profits. These industries invest their resources in projects that can generate maximum returns. For instance, the Tata Group of Industries operates in various sectors such as steel, automobiles, and hospitality, and all these ventures are run to maximize profits.
2. Owned, Managed, and Controlled by a Group of Individuals
Private sector industries are owned, managed, and controlled by a group of individuals or companies. These owners have the freedom to make decisions without any government intervention. For example, Reliance Industries Limited is owned and managed by Mukesh Ambani, who makes all the major decisions regarding the company's operations.
3. Prices of Products are Determined by Market Forces
Private sector industries operate in a competitive market, and the prices of their products are determined by market forces. These industries use market research to understand the consumer's behavior and price their products accordingly. For instance, the Birla Group operates in various sectors such as cement, textiles, and chemicals, and all these products' prices are determined by market forces.
In conclusion, private sector industries such as the Birla Group, Reliance, and Tata Group of Industries are characterized by their profit-oriented approach, owned and managed by a group of individuals, and prices of products are determined by market forces. These industries play a crucial role in the country's economy by generating employment, revenue, and contributing to the country's growth.
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The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer?
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The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer?.
The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer?.
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The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The leading industries of Birla Group, Reliance, Tata Group of industries belong to the private sector. What are the characterstic fetures of these industries ?a)Jointly owned, they are owned, managed and controlled by a group of individuals and govenrment agencies . Prices of products are fixed through planning.b)Operated mainly for the benefit of the public rather than profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesc)Operated mainly for Profits , they are owned, managed and controlled by a group of individuals. Prices of products are determined by market forcesd)Members of the cooperative society produce the raw material and add value to earn profit. Generally opearetes with the motive of community welfareCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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