Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Comparative Development Experiences of India and its Neighbours

Question:

In India, all the enterprises which are owned by government are called as "Public sector enterprises". What is the term used by Chinese counterparts?

Options:

State owned enterprises

Government owned enterprises

Public owned enterprises

None of the above

Correct Answer:

State owned enterprises

Explanation:

The public sector enterprises in India will be called as "State owned enterprises" in China. During the reform period in China, state owned enterprises were made to face competition as the government allowed the local owners to produce goods.