11th GSEB BA/OCM Chapter-7 Lec 1 | Class 11 | Session 2022-23 | UKIC | Prof. Dimple Kachchhy

Created from Youtube video: https://www.youtube.com/watch?v=JF6Dr4UKkPcvideo

Concepts covered:public sector, industrialization, government intervention, employment opportunities, economic development

The video lecture by Prof. Dimple Kachchhy discusses the meaning and characteristics of the public sector, highlighting its establishment post-1947, the role of government in industrialization, and the differences between public and private sectors. It emphasizes the benefits of government intervention in backward areas, the generation of employment opportunities, and the importance of maintaining national interest and economic development.

chapter

Concepts covered:public sector, industrialization, government intervention, employment opportunities, economic development

Question 1

Public sector aims for social welfare over profit.

Question 2

What is a key characteristic of public sector enterprises?

Question 3

Economic development increases employment opportunities and reduces _____.

Question 4

CASE STUDY: A government is evaluating the impact of public sector industries on national interest and economic development.

All of the following are benefits except:

Question 5

Government controls public sector enterprises.

Question 6

How does public sector ensure job security?

Question 7

The public sector is owned, managed, and controlled by the _____.

Question 8

CASE STUDY: A public sector company is exploring ways to improve profitability post-1991 economic reforms.

All of the following strategies are correct except:

Question 9

Public sector provides more job security than private sector.

Question 10

What was a major change in public sector post-1991?

Question 11

Monopoly means a market with one seller and many _____.

Question 12

Private sector prioritizes social welfare over profit.

Question 13

What differentiates public from private sector ownership?

Question 14

After 1947, the government focused on establishing _____ industries.

Question 15

Public sector is owned by individuals or groups.

Question 16

How did public sector aid backward areas post-1947?

Question 17

Public sector companies provide better _____ compared to private sector.

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