5 Questions
What are the two sectors into which the Indian economy can be classified?
Private sector and Public sector
What are the main objectives of private sector enterprises?
To earn profit and generate wealth for the owners
Name three forms of organization in the private sector mentioned in the text.
Sole proprietorship, Partnership, Joint Stock Company
What are the main objectives of public sector enterprises?
To participate in the economic activities of the country
What are the three forms of public enterprise mentioned in the text?
Departmental undertaking, Statutory corporation, Government company
Test your knowledge of private, public, and global enterprises in India with this quiz. Learn about the classification of the economy into private and public sectors, and understand the objectives and operations of private sector enterprises.
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