Quick Answer: Which Of The Following Is A Joint Sector Industry?

What is a joint sector industry?

The term ‘joint sector’ is applied to an undertaking only when both its ownership and control are effectively shared between public sector agencies and a private group.

The basic idea underlying the concept is combination of joint ownership, joint control and professional management..

What is the main objective of private sector?

Understanding the Private Sector The private sector has a goal of making money and employs more workers than the public sector. A private sector organization is created by forming a new enterprise or privatizing a public sector organization. A large private sector corporation may be privately or publicly traded.

Who is founder of Amul?

Verghese KurienTribhuvandas Kishibhai PatelAmul/Founders

What are the examples of public sector industries?

Examples of the Public SectorEducation (Schools, Libraries)Electricity.Emergency Services.Fire Service.Gas and Oil.Healthcare.Infrastructure.Law Enforcement.More items…•

Which one of the following is a joint sector industry?

Answer. TISCO was Founded in 1907 as Asia’s premier combined private sector steel corporation, but now it is being controlled jointly by the government and Tata Group. In the joint sector, both the government sector and private sector jointly works for the establishment to establish of Enterprise.

What is the difference between public sector and joint sector industries?

The man difference between Public Sector and Joint Sector is on ownership. A public sector enterprise or industry is completely owned and controlled by the government while the Joint Sector enterprise, as the name, implies shares the ownership between government and private entrepreneurs.

What are the examples of private sector?

Examples of organizations in the private sector include:Sole Proprietors: Designers, Developers, Plumbers, Repairmen.Partnerships: Dentistry, Legal, Accounting, Tax.Small and Medium-sized Businesses: Retail, Hospitality, Food, Leisure, Legal Services.Large Multinationals: Apple, Tesla, Disney, Procter & Gamble, PepsiCo.More items…•

What are the examples of joint sector?

Answer. Maruti Udyog, Tamil Nadu Flourine & Allied Chemicals Ltd,Malabar building Products Ltd,Cochin Refineries, Dielectro Magnetics Ltd and Gujarat State Fertilizers are examples of joint sector undertakings in our country.

Is oil a joint sector?

In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK. In 1981, OIL became a wholly-owned Government of India enterprise. … OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

What’s a basic industry?

Basic industries consist of small and large businesses that sell primarily to external customers. … Examples of basic businesses include big manufacturing and mining companies, while non-basic businesses include diners, service companies, small consulting companies and convenience stores.

Which one of the following is a private sector industry?

TISCO is private sector Industry.

Is Amul a joint sector industry?

Amul, is an Indian dairy cooperative society, based at Anand in the Indian state of Gujarat. Formed in 1946, it is a cooperative brand managed by a cooperative body, the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which today is jointly owned by 36 lakh (3.6 million) milk producers in Gujarat.