Class 11 - Business Studies
Chapter 3 - Private, Public and Global Enterprises
Questions and Answers
Q1: Name the two forms of business organisation in an Indian economy.
Answer:
- Public Sector
- Private Sector
Q2: What is the private sector?
Answer: The private sector consists of business owned by individuals or a group of individuals.
Q3: What is the public sector?
Answer: The public quarter consists of various firms owned and controlled through the government. These companies may also both be in part or thoroughly owned by the central or state government.
Q4: What is the main objective of Industrial policy?
Answer: The main objective of any industrial policy is to augment the industrial production and thereby enhance the industrial growth which leads to economic growth by:
- optimum utilization of resources;
- modernization;
- balanced industrial development;
- balanced regional development;
- balanced development of basic and consumer industry;
- coordinated development of large as well as small, medium and cottage enterprises;
- determination of the area of operation under private and public sector;
- enhance cordial relations between workers and
- management and proper utilization of domestic / foreign capital.