Explain the role and significance of Pub | Class 11 Business Studies Chapter Private, Public and Global Enterprises, Private, Public and Global Enterprises NCERT Solutions

Question:

Explain the role and significance of Public Sector Enterprises in India.

Answer:

  • Public Sector Enterprises play a crucial role in India’s economic development by:
    • Providing Employment: PSEs employ millions, directly and indirectly.
    • Industrial Development: Establishing industries in backward regions to promote equality.
    • Revenue Generation: Significant contributors to the government’s revenue through taxes and dividends.
    • Infrastructure Growth: Development in transportation, energy, and communication sectors.
    • Social Welfare: Focus on essential goods and services for the masses at affordable rates. Despite their benefits, PSEs face challenges like inefficiency and financial losses, requiring better management practices.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Private, Public and Global Enterprises.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

Comments

Comment(s) on this Question

Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 4: Explain the role and significance of Public Sector Enterprises in India.....