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Q.

Railway is an example of:

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a

Private sector

b

Public sector

c

Secondary sector

d

None of the above

answer is B.

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Detailed Solution

Railway is an example of Public sector.
1)      The sector engaged in providing government goods and services to the general public is known as the Public sector.
2)      The enterprises, agencies, and bodies are fully owned, controlled, and run by the government, state, or local government. The ownership and control of the central or state government in these organisations are either complete or partial.
3)      Some of them can be non-profit organisations, while others participate in commercial activities. It generally focuses on providing goods and services to the general public at relatively cheaper rates than private companies.

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Railway is an example of: