The Steel Authority of India Limited (SAIL) is an example of the ________ industry.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Public Sector.
The Steel Authority of India Limited (SAIL) is an example of the public sector industry.
Steel Authority of India Limited (SAIL) is a public sector undertaking (PSU) owned and operated by the Government of India under the Ministry of Steel. Established in 1973, SAIL is one of India's largest steel-making companies and plays a crucial role in the country’s industrial infrastructure. Being in the public sector means it is owned and managed by the government, primarily aimed at serving national economic interests rather than just profit. It contributes to key sectors such as construction, defense, railways, and manufacturing, and symbolizes the government's involvement in core industries vital for economic development.