Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
In which way can a government company be converted into a private company?
Options:
By withdrawal of the government from ownership and management of public sector companies
By outright sale of public sector companies.
Both 1 and 2
None of the above
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.