Question

HILL
15 punt accountability?
LONG ANSWER QUESTIONS
1. Give the main features of private sector enterprises.
2. State the features of public sector enterprises.
3. Describe the main features of Joint sector enterprises.
4. Give three examples of private sector enterprises
5. Give three examples of public sector enterprises.
6. Give three examples of joint sector enterprises.
7. Classify the following into private sector, public sector and joint sector enterprises:
(a) Tata Motors (b) Bharti Airtel (c) Big Bazaar (d) State Bank of India (e) Air India (1) Indraprastha
Gas Ltd. (g) Cochin Refineries (h) Indian Oil Corporation (i) Gujarat State Fertilisers. Remember this questions is of commerce​

Answer 1

1. Give the main features of private sector enterprises.

• Profit motive.
• Private ownership and control.
• No state participation.
• Independent management.
• Private finance.
• Work culture of employees

2. State the features of public sector enterprises.

• Government Owned. ...
• Government Controlled and Managed. ...
• Separate Legal Entity. ...
• Perpetual Succession. ...
• Autonomy. ...
• Service Motive. ...
• Public Accountability. ...
• Business Motive.

Describe the main features of Joint sector enterprises.

• The joint sector would include units in which both public and private investments have taken place and where the state takes an active part in direction and control. According to JRD Tata a joint sector enterprise is intended to form a partnership between the private sector and the Govt. in which the govt.

Give three examples of private sector enterprises

• Sole proprietorships**:** Plumbers, technicians, contractors, developers and designers.

• Partnerships**:** Legal, accounting, tax and dentistry.

• Privately owned corporations: Hospitality, leisure, retail and food.

Give three examples of public sector enterprises.

• National Thermal Power Corporation (NTPC)
• Oil and Natural Gas Corporation (ONGC)
• Steel Authority of India Limited (SAIL)
• Bharat Heavy Electricals Limited (BHEL)
• Indian Oil Corporation Limited (IOCL)
• Hindustan Petroleum Corporation Limited (HPCL)
• Coal India Limited (CIL)

. Give three examples of joint sector enterprises.

• . The main examples of such joint sector companies included Cochin Refineries (1963), Madras Refineries (1965), Madras Fertilisers (1965), Gujarat State Fertiliser Company (1956) etc.

• a)Tata motors - Public
• (b)Bharti Airtel- Public
• (c)Big Bazaar- Private
• (d)State Bank Of India-Public
• (e)Air India-Public
• (f) Indraprastha Gas Ltd. - Public
• (g)Cochin Refineries - Public
• (h)Indian Oil Corporation -Public
• (i)Gujarat State Fertilisers.​-Public