Exams › SSC CGL (Prelims) › General

Privatization refers to transfer of ownership from:

1. Private to public
2. Public to private
3. State to NGOs
4. Cooperatives to state

Correct answer: Public to private

Solution

Privatization means transferring ownership or management of enterprises from the public sector to the private sector. It is commonly used to improve efficiency and reduce the government's direct role in business.

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