Question

Which of the following is NOT a component of privatisation?

• A. Public management
• B. Certain volume of Government control of PPP
• C. Private ownership
• D. Private control

Answer 1

Answer:

A. Public management

The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization. Privatization seeks to attract private investment and stimulate economic growth. It is believed that private companies, with their access to capital and expertise, can bring in new investments, technologies, and management practices, leading to increased productivity and economic development