Which of the following statement is true for the Public Sector Unit?
(A) Most of assets is owned by a group of people
(B) Most of assets is owned by big companies
(C) Most of assets is owned by government
(D) Most of assets is owned by an individual
Correct Answer : Most of assets is owned by government
Question Asked : SSC Junior Engineer (Civil) Exam 2018
Explanation : The government-owned corporations are termed as Public Sector Undertakings (PSUs) in India. In a PSU majority (51 % or more) of the paid up share capital is held by central government or by any state government or partly by the central governments and partly by one or more state governments.
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