Chapter-25 Public and Private Sectors — Online MCQ Test
SOCIAL · Samacheer Kalvi 8th · Tamil Nadu State Board
Practice Chapter-25 Public and Private Sectors with a free chapter-wise online MCQ test.
This chapter covers: Mixed economy Public Sector Undertakings PSU Socio economic development Explains the differences between public and private sectors in the Indian economy.
AI-generated questions from basic to board-exam level, with instant results and explanations.
Chapter-25 Public and Private Sectors — Important Questions & Answers
Which sector is owned and controlled by the government?
- A. Private sector
- B. Public sector
- C. Household sector
- D. Co-operative sector
Answer: B. Public sector
The public sector consists of enterprises owned and managed by the government. It works for the welfare of the people.
The public sector consists of enterprises owned and managed by the government. It works for the welfare of the people.
What does PSU stand for?
- A. Public Service Union
- B. Public Sector Undertaking
- C. Private Sector Undertaking
- D. People's Service Unit
Answer: B. Public Sector Undertaking
PSU means Public Sector Undertaking. These are enterprises owned by the government.
PSU means Public Sector Undertaking. These are enterprises owned by the government.
Which of the following is a main aim of the public sector?
- A. Maximum profit only
- B. Welfare of the people
- C. Ownership by foreigners
- D. Avoiding all social responsibility
Answer: B. Welfare of the people
The public sector mainly aims at social welfare and balanced development. Profit is not its only goal.
The public sector mainly aims at social welfare and balanced development. Profit is not its only goal.
Which statement correctly compares the public and private sectors?
- A. Public sector focuses only on profit; private sector focuses only on welfare
- B. Public sector is government-owned; private sector is privately owned
- C. Public sector is smaller in all countries; private sector is always state-controlled
- D. Both sectors are identical in ownership and purpose
Answer: B. Public sector is government-owned; private sector is privately owned
The basic difference lies in ownership and control. Public sector enterprises are owned by the government, while private sector enterprises are owned by private individuals or firms.
The basic difference lies in ownership and control. Public sector enterprises are owned by the government, while private sector enterprises are owned by private individuals or firms.
Which of the following is the most accurate statement about public sector undertakings?
- A. They are always run by private shareholders
- B. They are government enterprises established to serve public interest
- C. They are only small businesses
- D. They do not participate in economic development
Answer: B. They are government enterprises established to serve public interest
PSUs are government-owned enterprises formed mainly to serve public interest and support economic development.
PSUs are government-owned enterprises formed mainly to serve public interest and support economic development.