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Q.

Mention if the given statement is true or false:

The private sector is controlled and managed by the government?

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a

True

b

False

answer is B.

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Detailed Solution

The above statement is false.
The public sector is the sector which is controlled and managed by the government. The main motive of the public sector is to develop the nation, as well as contribute to the welfare of the citizens. The public sector enterprises contribute by developing the infrastructure of the country (roads, highways, health care centres, schools), which further develops the nation.
Thus, the correct statement is, “The public sector is controlled and managed by the government.”

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