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Direction: Read the following text and answer the questions that follow:
Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.
Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?
  • a)
    Hindustan Aircrafts
  • b)
    Unit Trust of India
  • c)
    Hindustan Machine Tools
  • d)
    Maruti Udyog Ltd.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Direction: Read the following text and answer the questions that foll...
Unit Trust of India is an example of such Public sector undertakings.
Public Sector undertakings refer to commercial ventures of the Government where user fees are charged for services rendered. The tariff/fees may be market based or subsidised. They are usually fully owned and managed by the Government such as Railways, Posts, Defence Undertakings, Banks etc.
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Read the following hypothetical text and answer the question that follow:The performance of the Indian economy during the period of first seven five-year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producersbut we failed to promote a strong export surplus. Although the public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSUs) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSUs continued to function because it was difficult to close a government undertaking even it is a drain on the country's limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So, the need for reform of economic policy was widely felt in the context of changing the global economic scenario to achieve desired growth in the country.Q. Read the following statements - Assertion (

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Direction: Read the following text and answer the questions that follow:Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer?
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Direction: Read the following text and answer the questions that follow:Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the questions that follow:Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the questions that follow:Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Direction: Read the following text and answer the questions that follow:Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
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To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. 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To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?a)Hindustan Aircraftsb)Unit Trust of Indiac)Hindustan Machine Toolsd)Maruti Udyog Ltd.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Read the following text and answer the questions that follow:Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. 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