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Q.

Choose the given statement is true/false:


The public sector is the sector in which ownership of assets and delivery of services is in the hands of the government.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
The public sector is the sector in which ownership of assets and delivery of services is in the hands of the government. Here, the government operates, maintains, and manages the enterprises. For example, the Indian Railways and Postoffice. The major aim of the public sector is to maximise the welfare of the people. They work for the people and don’t aim for profits that much. These sectors usually provide services at minimal costs.
  
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