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Q.

Which Industries are owned and operated by the producers or suppliers or both?


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a

Private Sector

b

Public Sector

c

Joint Sector

d

Co-operative Sector 

answer is C.

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Detailed Solution

Joint Sector industries are owned and operated by the producers, suppliers, or both. Industries are classified based on ownership of enterprises as private, public, joint, and cooperative. Public industries are owned and regulated by government agencies, for example, SAIL. Joint-sector industries are owned and controlled by individuals and states. A perfect example of a joint sector is Maruti Udyog. The cooperative sector industries are owned and regulated by producers and suppliers, such as the Sudha dairy and AMUL.
 
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