Which of the following is an example of a private sector Industry?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e Tata Iron and Steel Company (TISCO).
TISCO was established in 1907 by Jamsetji Tata and is part of the Tata Group, one of India’s largest privately-owned conglomerates.
Unlike public sector undertakings (PSUs) such as the Life Insurance Corporation (LIC), Steel Authority of India Limited (SAIL), and Bharat Heavy Electricals Limited (BHEL)—which are owned and managed by the government—TISCO operates under private ownership and management.
Its production, investment, and operational decisions are driven by market dynamics and profitability, making it a quintessential representation of private enterprise in India’s industrial landscape.