Which of the following is an example of a joint sector industry?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Oil India Limited.
Oil India Limited (OIL) is an example of a joint sector industry. It is a collaboration between the Government of India and private sector partners. OIL primarily focuses on the exploration, production, and transportation of oil and natural gas. The joint sector model allows public and private entities to participate, combining their resources and expertise to develop the energy sector. Oil India Limited is crucial in India's energy infrastructure and economic growth.