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Q.

Which of the following is jointly owned by the public and private sectors?


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a

Bajaj Auto Ltd.

b

TISCO

c

BHEL

d

Oil India Ltd. 

answer is D.

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Detailed Solution


Oil India Ltd. is jointly owned by the public and private sectors. Oil India Ltd is a company that produces hydrocarbons and is owned by the public and private sectors. These industries, run jointly by the state and a group of individuals or a single individual, are called industrial joint ventures. On the other hand, TISCO and Bajaj Auto Ltd are private sectors owned and operated by a single individual or a group of individuals. TISCO was founded by Dorabji Tata, the son of Jamshedji Tata, while Jamnalal Bajaj introduced Bajaj Auto Ltd. BHEL is a public sector enterprise.
 
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