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Q.

The motive of the public sector enterprises is


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a

Profit making

b

Social welfare and security

c

Entertainment

d

All of the above 

answer is B.

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Detailed Solution

Social welfare and security is the motive of public sector enterprises. An organisation that is owned as well as controlled by the government is called a public sector enterprise. These exist in an economy as there are several goods and services which are needed by the masses. It is expensive for the private sector to provide these goods and services to everyone, and that too at low costs. ONGC, BSNL and State Bank of India are some public sector organisations.
 
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