Question

what are the different kinds of organisations that con under the public sector class 11th cbsc​

Answer 1

Answer:

The types of organizations that fall under the umbrella of the public sector include:

(I) Departmental Project These businesses are run as ministry departments and are considered extensions of the ministry. These businesses could be run by the federal or state governments.

Railways and postal services are two examples.

Statutory Corporation (ii) Statutory corporations are public corporations created by a Special Act that establishes their powers and functions. It is a legislatively formed, financially independent corporate organization that has clear control over a specific area or type of commercial activity.

(iii) Government-owned corporation According to the Indian Companies Act, 1956, a government company is one in which the Central Government or any State Government owns at least 51 percent of the paid-up capital or one in which the Central Government owns part of the paid-up capital and the rest is held by one or more State Governments.

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

Military, law enforcement, infrastructure, public transit, public education, health care, and individuals working for the government itself, such as elected officials, are all examples of public goods and governmental services. The public sector may provide services that cannot be denied to non-payers (such as street lighting), services that benefit society as a whole rather than just the individual who uses the service. [1] Public enterprises, often known as state-owned firms, are self-financing commercial enterprises owned by the government that sells a variety of private goods and services on a commercial basis.