2. Questions Bank
  3. 10th Class
  4. Social Science
  5. The Role of Service Sector in Indian Economy

10th Class Social Science The Role of Service Sector in Indian Economy Question Bank Short Answer Type - Sectors of the Indian Economy

  • question_answer
    Differentiate between public sector and private sector citing examples.

    Answer:

    Public Sector Private Sector
    (i) These enterprise are owned by the state or central government. (i) These enterprises are owned by private individuals.
    (ii) The object is to promote public welfare. (ii) The object is to maximize profits.
    (iii) These are managed by bureaucrats, e.g., Railways, Post and Telegraph, Ships, LIC. (iii) These are managed by professional managers, e.g., TISCO, TELCO, DCM, Reliance, Birla Textile Miils.
     


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