Match List-I with List-II:
| List-I | List-II |
|---|---|
| (A) Enterprise | (I) A private enterprise employing less than 10 workers on a regular basis |
| (B) Establishment | (II) A public sector establishment, or a private one with 10 or more hired workers |
| (C) Formal sector establishment | (III) An enterprise with at least one hired worker for the major part of the year |
| (D) Informal sector enterprise | (IV) An undertaking run by individuals to produce or distribute goods or services mainly for sale |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
These four terms build on one another. An enterprise with a hired worker is an establishment; its size and owner decide whether it is formal or informal.
| List-I | List-II | Reason |
|---|---|---|
| (A) Enterprise | (IV) An undertaking run by individuals to produce or distribute goods or services mainly for sale | This is the basic unit, with no condition on hired workers. |
| (B) Establishment | (III) An enterprise with at least one hired worker for the major part of the year | One hired worker is enough. |
| (C) Formal sector establishment | (II) A public sector establishment, or a private one with 10 or more hired workers | All public units, and private ones with 10 or more hired workers. |
| (D) Informal sector enterprise | (I) A private enterprise employing less than 10 workers on a regular basis | Private and below 10 workers. |
NCERT (2026-27): Glossary: “Enterprise – An undertaking owned and operated by an individual or by group of individuals to produce and/or distribute goods and/or services mainly for the purpose of sale, whether fully or partly.” Glossary: “Establishment – An enterprise which has got at least one hired worker for major part of the period of operation in a year.” Glossary: “Formal Sector Establishments – All the public sector establishments and those private sector establishments which employ 10 or more hired workers.” Glossary: “Informal Sector Enterprises – Those private sector enterprises, which employ less than 10 workers on a regular basis.” |