Question

Tata, iron and steel company limited, Reliance industries Limited are examples of :-
a) Public Sector b) Private sector c) Mixed sector d) All
Consider the following statements regarding GDP and choose the correct answer :
i) It includes final goods and services only
ii) It includes value of goods and services produced within the country only
a) only (i) is true
b) only (ii) is true
c)
Both (i) and (ii) are true d) Neither (i) nor (ii) true
1
anges​

Answer 1

Tata , iron and steel company limited , Reliance industries are example of Private sectors .

correct option is

c. Both (i) and (ii) are true

Answer 2

Both (i) and (ii) are true is the correct option

Explanation:

The public sector (sometimes known as the state sector) is a component of the economy that includes both government services and government-owned businesses.

The private sector is made up of economic sectors that are designed to make money for the company's owners.

A mixed economy is one that is organised with some free market characteristics and some socialist elements, and it exists on a spectrum between pure and mixed economies.

• Goods that are not customised and are sold by description or sample. Standard goods are those that aren't one-of-a-kind. Goods and services frequently collaborate.
• A consumer who buys fuel for their car, for example, must also pay for the processing and transportation of that gasoline. The gasoline is the good, while the processing and transportation are the services in this situation