SSC GD 2023 PYQ — Question 34

SSC GD Constable (English) - 31 Jan 2023 - Shift 1 • General Awareness • Q34

What is the primary motive of a private sector entity?

Show answer & explanation

Correct answer: A

Explanation

The correct answer is option 1 i.e. Profit.

  • The primary motive of a private sector entity is with the intention of making profit.
  • The private sector is the part of a country's economic system that is run by individuals and companies, rather than a government entity. 
  • The private sector plays a vital role in the economy by creating jobs, providing goods and services and stimulating economic growth. It is an important source of tax revenue for governments.