Economics: Sectors of the Indian Economy · Class 10 · CBSE Social Science
What is the primary motive of public sector enterprises?
Practice question from Economics: Sectors of the Indian Economy (Class 10 · CBSE Social Science), with the correct answer and a step-by-step solution.
easy · MCQ · Q-27DA18
What is the primary motive of public sector enterprises?
- A.Maximizing individual profits
- B.Social welfare and public securityCorrect answer
- C.Monopolizing global trade
- D.Eliminating all private businesses
Solution
Public sector enterprises are owned and managed by the government primarily to ensure social welfare, equity, and the provision of essential services to all citizens.
More from Economics: Sectors of the Indian Economy
- Which of the following activities belongs to the primary sector?
- Why is the tertiary sector also referred to as the service sector?
- Underemployment is most prominently visible in which of the following economic areas in India?
- Which of the following acts guarantees 100 days of employment in a year to rural households in India?
Practise more Social Science
Sign up free for adaptive practice on this chapter, with instant feedback and hints on every question.
Start practising freeFree to start · No credit card needed