Question

Hindustan Aeronautics Limited and Indian Oil Corporation are Public sector industries.’ Give reasons. Class 8

Answer 1

Hindustan Aeronautics Limited and Indian Oil Corporation are public sector industries because both of them are owned by Indian government.

• There are two types of industries - 1) Private sector industries and 2) Public sector industries.
• The industries which have government ownership are known as the public sector industries.
• Similarly, both the given industries (ie. Hindustan Aeronautics Limited and Indian Oil Corporation) are owned by the Indian government itself. That's why these two will be considered as the public sector industries.