Assertion (A): Transfer of ownership and management of Public Sector Undertakings to the private sector is privatisation. Reason (R): There is no sale of share of Public Sector Undertaking.

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KollegeApply · Accepted Answer

(A) is true and (R) is false. Explanation: Assertion (A) is correct since privatisation involves the transfer of ownership and control from the public to the private sector. However, Reason (R) is false because privatisation is frequently achieved by disinvestment, which entails the outright selling of shares in public sector undertakings to private investors or the general public.

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