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Business Studies

Oil and Natural Gas Corporation, Indian Oil Corporation, Steel Authority of India, and Bharat Heavy Electrical are all examples of ______________.

A
small Scale Units
B
Private Sector Units
C
Public Sector Units
D
Sick Units
Answer & Solution

Public Sector Units


SOLUTION
A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. These companies are owned by the union government of India, or one of the many state or territorial governments, or both. The company stock needs to be majority-owned by the government to be a PSU.
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