Question

The steel plant at Jamshedpur belongs to the _________.
A) Public sector
B) Private sector
C) Joint sector
D) Co-operative sector

Answer 1

Hint:
India was the world's second-biggest producer of steel with 111.2 million tons (MT) in 2019. The development in the Indian steel area has been driven by homegrown accessibility of crude materials, for example, iron metal and financially savvy work. Subsequently, the steel area has been a significant supporter of India's assembling yield. The Indian steel industry is present-day with cutting edge steel plants. It has consistently strived for persistent modernization of more seasoned plants and up-degree to higher energy productivity levels.

Complete Answer:
The term public area undertaking or Enterprise alludes to a Government Company. "Government Company'' is characterized under Section 2 (45) of the Companies Act, 2013 as Any organization in which at least 51 percent of the settled-up offer capital is held by the Central Government, or by any State Government or Governments, or mostly by the Central Government and halfway by at least one State Governments, and incorporates an organization which is an auxiliary organization of such a Government organization.
The private area or undertaking is the organization that is possessed by a private gathering or a person. Various kinds of organizations under private undertakings are an association, sole ownership, agreeable, and organization.
The steel plant situated at Jamshedpur is Tata Steel plant. It is a private area possessed organization. It was established by Jamshedji Tata in 1868. It is currently claimed by TATA children.

Thus, option (B) is correct.

Note:
A joint sector undertaking is proposed to be a type of association between the private area and the Government in which state interest in the capital won't be under, the everyday administration will typically be in the possession of the private area practised by a top managerial staff on which Government is sufficiently spoken to.