Question

Which of the following statements best defines joint sector industries?

• A. They are jointly owned by the public and private sectors.
• B. They are run by village panchayats and municipalities.
• C. They are fully financed by foreign companies
• D. They are operated only by self-help groups.

Answer 1

Answer:

B. They are run by village panchayats and municipalities.

• Joint Sector Industries are enterprises owned and managed jointly by the State Government (or public sector agencies) and Private Individuals or corporate entities.

• This model is designed to combine the resource base and social welfare objectives of the public sector with the operational efficiency and management expertise of the private sector.