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Class 10 › Economics › Sectors of the Indian Economy
CBSE2026Class Class 10 · Economics1 Marks · Mcq✅ Verified
Identify the sector of economy with the help of information given in the box :
- Ownership of assets and delivery of services in the hands of private individuals
- Activities are guided by the motive to earn profits
A. Private Sector
B. Public Sector
C. Joint Sector
D. Cooperative Sector
✅ Answer & Solution
✅ Correct Answer: A
Step 1 - Recall the classification on the basis of ownership :
- PUBLIC SECTOR : the government owns most of the assets and provides all the services.
- PRIVATE SECTOR : ownership of assets and delivery of services is in the hands of private individuals or companies.
Step 2 - Match the second clue : activities in the private sector are guided by the motive to earn profits, whereas the aim of the public sector is public welfare.
Step 3 - Both clues point to the private sector. Examples : TISCO, Reliance Industries.
