Question

Identify the correct answer from the alternatives provided.
Both Tisco and Reliance Industries are owned by :
(a) The government
(b) Private company
(c) A cooperative society
(d) Jointly by private companies and the govt.

Answer 1

Answer:

private company

because TISCO and reliance are the private company.

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Answer 2

Both Tisco and Reliance Industries are owned by Option (b) Private company

What is a private sector company?

• Both Tisco and Reliance industries are run by an individual and they belong to the private sector.
• A private sector company is not run by the government, but it is a part of the country's economy.

TISCO:

• TISCO is abbreviated as Tata Iron and Steel Company, which was founded by Jamshedji Tata, with its headquarters in Mumbai.

Reliance Industries:

• Reliance Industries is a conglomerate company, with its headquarters in Mumbai.
• It was founded by Dhirubhai Ambani.
• The Reliance industry's businesses are involved in a variety of fields like petrochemicals, energy, natural gas, telecommunications, mass media, and textiles.