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What is the 'joint sector' in India?

  • A.A commodity produced by both public and private sectors is said to be in the joint sector.
  • B.It is an enterprise owned jointly by an indian and a foreign company
  • C.It is an enterprise owned jointly by the private and public sectors
  • D.It is a venture in which the government has more than a 50 per cent share

Answer: C

It is an enterprise owned jointly by the private and public sectors.

The joint sector, recommended by the Dutt Committee, brings government and private capital and management together in one company, usually with the state holding around 26 per cent. It was intended to combine private efficiency with public accountability.

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