Question

What are the primary objectives of the public sector in India?

1. To provide essential services to citizens at affordable rates
2. To ensure equitable distribution of wealth in the economy
3. To foster competition and market growth
4. To maintain a balance between public and private sector enterprises

• A. i, ii, iv
• B. ii only
• C. i only
• D. i, iii

Answer 1

Answer:

A. i, ii, iv

The Public Sector

• The public sector refers to that segment of the economy which is owned, operated, and controlled by the government.
• It plays a vital role in providing essential goods and services to the general public, promoting social welfare, and ensuring equitable distribution of resources.
• The public sector often encompasses industries and organizations that are involved in areas such as :
  • Healthcare
  • Education
  • Infrastructure development
  • Defense
  • Various other public services.
• Its primary objectives typically include :
  • Fostering economic development
  • Maintaining social equity
  • Addressing the welfare needs of the society at large.