Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following is a way for the government company to go private?

Options:

Withdrawl from government ownership

Outright sale of public sector enterprise

Both 1 and 2

Neither 1 nor 2

Correct Answer:

Both 1 and 2

Explanation:

Government companies are converted into private companies in two ways (i) by withdrawal of the government from ownership and management of public sector companies and or (ii) by outright sale of public sector companies.