Who has the ownership of the assets in the public sector ?
CBSE Class X Social Science VSA (1 Mark)
Answers
Government owns the assets (goods) in the public sector.
Explanation:
Public sector undertakings are called public sector undertaking (PSU) or public sector enterprise. These ventures are owned by the Government or a State Government or both. For this, it is necessary that more than half the shares (shares) are with the government.
Division of Public sector is as follows;
1. Central public sector undertaking
2. Public sector bank
3. State Public Sector Undertakings
In a country like India, the PSU is managed by the Ministry of Heavy Industries and Public Enterprises.
Learn more about public sector:
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