Question

Ques:1 Explain the meaning and features of public sector enterprises.​

Answer 1

Answer:

The term public sector undertaking or Enterprise refers to a Government Company. Public sector enterprises on the other hand refer to those companies registered under the Companies Act, 1956,which are predominantly owned by Government and which are managed by a Government appointed Chairman and Managing Director.

5 important Features of Public Enterprises

State Ownership

State Control

Government financing

Service Motive

Public Accountability

Autonomous Bodies

Answer 2

Answer:

“Public enterprises are autonomous or semi-autonomous corporations and companies established, owned and controlled by the state and engaged in industrial and commercial activities.” ... Earlier, the role of government was limited only to the maintenance of law and order.