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Social Science — CBSE Class 10 board question

Q1. [3]
Explain the difference between public and private sector of Indian economy with example.
Previously asked in CBSE board exam
2025 32/1/1 Q29
Generated by claude-sonnet-4-6 · 2026-06-15 06:55 · grounding rag
Model Answer

Public Sector: The government owns most assets and provides services. The main motive is public welfare, not profit. Funds are raised through taxes. Examples: Indian Railways, Post Office.

Private Sector: Ownership of assets and delivery of services is in the hands of private individuals or companies. The main motive is to earn profit. Examples: Tata Iron and Steel Company Limited (TISCO), Reliance Industries Limited (RIL).

The government takes up activities that the private sector will not provide at a reasonable cost, such as construction of roads, bridges, and dams.

Source: Chapter 2 — Sectors in Terms of Ownership: Public and Private Sectors

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Explanation
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