Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

In India, enterprises owned by the government are known as "Public sector enterprises", a similar term is used for them i.e. SOE. According to you, what is the full form of SOE?

Options:

Similar Ownership Enterprise

State Owned Enterprise

Semantic Owners Enterprise

None of the above

Correct Answer:

State Owned Enterprise

Explanation:

SOE i.e. State owned enterprise is a legal entity that is created by a government in order to partake in commercial activities on the government's behalf.