1.

Give examples of joint stock companies.

Answer»

joint sector industries:

  • Industries owned jointly by the government and the private individuals who have contributed in the capital and managed by private individuals are called joint sector industries.
  • Government gives ownership rights of such industries to people and institutes but holds 51% or more shares of that company. So, even when the industry is a joint sector one, the government has the control over it.

Example: Gujarat State Petroleum Corporation (GSPC).


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