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Q.

The sector in which the productive units are owned, maintained, and managed by the government is known as:


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a

Organised sector

b

Primary sector

c

Public sector

d

Industrial sector 

answer is C.

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Detailed Solution

The sector in which the units are owned, maintained, and managed by the government is known as the public sector.
In terms of ownership of assets and delivery of services, the economy is divided into two sectors, i.e., the Public and the Private sector. For example, the Indian Railways comes under the public sector. The public sector provides services not with a profit maximisation motive but with a social welfare motive. The government funds its welfare activities with the taxes it collects from the public to help society as a whole.
 
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The sector in which the productive units are owned, maintained, and managed by the government is known as: