Public And Private Sectors

Samacheer Book Back Questions And Answers For Economy Standard 8 Full Book “Public And Private Sectors“

I. Choose the best answer:
1. The public sector in India owes its origin in the ______ Industrial policy resolution of the Government of India.
(a) 1957
(b) 1958
(c) 1966
(d) 1956

2. Mixed economy is the mixture of merits of both ______
(a) Capitalism
(b) Socialism
(c) a & b are correct
(d) A & B are incorrect

3. ______ is governed by a company law and controlled by the Government as principal major share holders.
(a) Private Sector
(b) Joint Sector
(c) Public Sector
(d) None of these

4. Steel Authority of India Ltd (SAIL) is a ______ Industry.
(a) Miniratna Industry
(b) Maharatna Industry
(c) Navaratna Industry
(d) None of these

5. Public sector is on _____ motive.
(a) Profit Motive
(b) Service Motive
(c) Speculative Motive
(d) None of these

II. Fill in the Blanks:
1. The _____ and are allotted their respective roles in promoting the economic welfare of all sections of the community.
2. The private sector is on _____ motive.
3. _____ is the process of social and economic development in a society.
4. The main function of private sector is to create _____ and _____
5. The government is committed to strengthening _____ and co-operation among the citizens.

Answers:
1. Public sector and Private sector
2. Profit
3. Socio Economic Development
4. Innovation and Moderisation
5. understanding

III. Match the following:
1. Think Tank – Primary Sector
2. Agriculture – Gross Domestic Product
3. Industries – NITI Aayog
4. GDP – Navaratna Industry
5. BHEL – Secondary Sector

Answers:
1. Think Tank – NITI Aayog
2. Agriculture – Primary Sector
3. Industries – Secondary Sector
4. GDP – Gross Domestic Product
5. BHEL – Navaratna Industry

IV. Which is the Odd one:
1. Which one of the following is not the indicator of Socio-Economic Development.
(a) Black Money
(b) Life Expectancy
(c) Gross Domestic Product (GDP)
(d) Employment

V. Which of the following is a correct answer:
1. (i) The Industries which would be exclusively owned by the state are referred to as Schedule-A
(ii) The industries in which the private sector could supplement the efforts of the state sector, with the state taking the sole responsibility for starting new units which are specific in Schedule-B.
(iii) The remaining industries which were in the private sector are not mentioned in Schedule,
(a) All are Correct
(b) (i) and (iii) are correct
(c) (i) and (ii) are correct
(d) None of these