Power Finance Corporation Limited (PFC) Founded in 1986, this Navratna status public sector company and its 9 subsidiaries, provide financial services. The private sector cannot provide such services at a reasonable cost. The main aim of the public sector is to not only earn profits but also to promote welfare of the people. Maximization of profit. Which one of the following public sector plants is located in Chhattisgarh? Private sector is based on exploitation of workers and consumers. (b) Private Sector : A private sector is owned, controlled and managed by an individual or by a group of individuals. The services that the government provides through public sector activities include:Basic essential servicesInfrastructure development servicesCommunity support servicesIt is the primary responsibility of the government to provide basic essential services like education, healthcare, housing, food and nutrition and safe drinking water to all the people. The main objective of private sector activities is to make a profit. 1. Answer. 7). Class 10 Social Science MCQs Chapter 2 Sectors of Indian Economy. So now the number of Public Sector Banks in India reduced to 12. NCERT solutions for Class 10 Social Science Economics Sector of Indian Economy in PDF format for free download. Private Sector Organisations. The majority of poor will suffer. 2. In the last few years, it has become widely accepted that the answer to many of the shortcomings of public sector administration lie in the wholesale adoption of private sector values like ‘risk‐taking’, ‘customer focus’, and ‘bottom‐line orientation’. Q.10. The government bears a part of the cost for some commodities to make them available at a reduced price to some sections of society.To watch the complete lesson, register to get 5-day full access for freevisit - http://bit.ly/2KbImVdLearnNext is an interactive, computer-based self-learning solution which helps students retain concepts better and perfect them with exhaustive practice and tests. Private sector causes the concentration of huge wealth in few hands of rich people. Its investment in the infrastructure sector paves the way for agricultural and industrial development of a country like India. | EduRev Class 10 Question is disucussed on EduRev Study Group by 102 Class 10 Students. (2012) Answer: Public Sector and Private Sector. Answer: The public sector activities are set for the betterment of the public itself. NCERT Solutions; ... the sectors are classified into public and private sector? 2. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. 3.The sector provides basic facilities like education, health, food and security to the people. The public sector is not profit oriented. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Private and public sector CIOs should explore these 10 techniques for IT cost optimization to navigate budget constraints in a volatile business environment. Q.9. Contrary to prevailing assumptions, the private sector appeared to have lower efficiency than the public sector, resulting from higher drug costs, perverse incentives for unnecessary testing and treatment, greater risks of complications, and weak regulation. If it lags in the public sector it can vary. Which of the following industries belongs to the category of heavy industries? Ownership. | EduRev Class 10 Question is disucussed on EduRev Study Group by 100 Class 10 Students. It has several social welfare objectives. Answer: d Note: the bumps in public sector employment due to the decennial Census in 1980, 1990, 2000, 2010 and 2020. The main aim of the industries in the private sector is to earn maximum profits. The private sector is always busy with innovating new techniques, new production methods, etc. Inefficient railways and inadequate roads for instance. The others fall under the service and organised sector. The organisation and assets are owned by the government, e.g. Sep 08,2020 - What is public and private sector ? Public sector: These enterprises are owned by the state or central government. Question 2. ... It’s getting so that the only middle class folks we have are government employees. Note: the bumps in public sector employment due to the decennial Census in 1980, 1990, 2000, 2010 and 2020. It was expected that this would lead to improved managerial performance and better financial discipline. Which one of the following public sector plants is located in Chhattisgarh? Public Sector. (a) Watches (b) Shipbuilding (c) Electric bulbs (d) Knitting needles. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Answer. In the private sector, the rate was 67 percent.12 For retirement benefits, 86 percent of public-sector workers had access, compared to 71 percent in the private sector.13 These results, in conjunction with the good-job wage findings above, suggest that public-sector workers are more likely to be employed in good jobs. Class 10 Geography Chapter 6 MCQ Question 5. In the private sector, the rate was 67 percent.12 For retirement benefits, 86 percent of public-sector workers had access, compared to 71 percent in the private sector.13 These results, in conjunction with the good-job wage findings above, suggest that public-sector workers are more likely to be employed in good jobs. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. 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