The government is trying to sell its share in several public sector companies this process is known as __________.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Disinvestment
Option (2) Disinvestment — Correct. The government is trying to sell its share in several public sector companies, a process which is known as disinvestment. Many government workers fear losing their jobs after disinvestment; in ‘Modern Foods’, the first company to be privatised, 60% of the workers were forced to retire in the first five years.
NCERT (2025-26): “Globalisation, Liberalisation and Changes in Indian Industry … The government is trying to sell its share in several public sector companies, a process which is known as disinvestment. Many government workers are scared that after disinvestment, they will lose their jobs. In ‘Modern Foods’, which was set up by the government to make healthy bread available at cheap prices, and which was the first company to be privatised, 60% of the workers were forced to retire in the first five years.…” |