Single Answer MCQ
Q-00015968
Which of the following statements is true about the public sector?
1
It focuses solely on profit generation.
2
It is owned and managed by the government.
3
It provides services only to a limited class.
4
It competes in the market for profit.
Answer and Solution
Answer
B. It is owned and managed by the government.
Solution:
The public sector is owned and managed by the government to provide important services to society, not solely for profits.
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