If there is dilution of government ownership beyond __________ percent, it would result in transfer of ownership and management pf enterprise to the private sector.

51%

The correct answer is option (3) : 51%

The correct answer is:

When there is a dilution of government ownership beyond ownership and management of an enterprise to the private sector, it means that the government is transferring a significant portion of its ownership and control to the private sector. In this scenario, a transfer of 51% or more of ownership would result in the private sector having a controlling interest in the enterprise.