Which of the following statements about public sector industries is correct?
They are owned and operated by government agencies.
Public sector industries (public sector undertakings) are owned, managed and operated by the government — the Central or State Government or its agencies — usually with majority (51% or more) government ownership. Examples include SAIL, BHEL, ONGC and Indian Railways.
Industries owned by private individuals form the private sector; public sector units are subject to government control and regulation; and they operate in both urban and rural areas, not only rural ones.
Hence, public sector industries are owned and operated by government agencies.
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3. It aims to enable the poor people to meet their water needs without depending on subsidies.
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With reference to the usefulness of the byproducts of sugar industry, which of the following statements is/are correct?
1. Bagasse can be used as biomass fuel for the generation of energy.
2. Molasses can be used as one of the feedstocks for the production of synthetic chemical fertilizers.
3. Molasses can be used for the production of ethanol.
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