0
Why is that public sector performance does not measure profitability?
Wiki User
∙ 11y ago
Since the public sector undertakings are Government owned, they are to initiate unlucrative public welfare policies, imposed on them by the Government.In India, specially the Health Insurance Schemes by four wings of General Insurance Cos. are not profitable,rather they drain on their exchequer. For example, out of Rs.125/- paid to meet up claims, only Rs.100/- are collected as premiums. This shortfall of Rs.25/- is compensated from premiums from say Fire & Burglary where claims are rare. By this way, social responsibility rather than profitability is the main criteria for the public sector undertakings.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
The dilemma of liquidity vs profitability arises in case of?
only public sector units
Is the police a public sector?
public sector
What has the author Kiran Chopra written?
Kiran Chopra has written: 'Managing profits, profitability & productivity in public sector banking' -- subject(s): Banks and banking, Government ownership, Profit
What is public sector budgeting?
A sector in which the public can budget
Why is it necessary for the public sector to exist?
the public sector necessity
Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
What are private sector and public sector?
Private sector are things that are owned by people. Public sector are things that are owned by the government.
What is the difference between public sector and private sector and why do government support public sector?
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
What is the difference between private sector bonds and public sector bonds?
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
What are the importance of public sector accounting?
what is the importance of public sector accounting
Function of public sector banks?
function of public sector in india
Is sainsburys supermarket in the public or private sector?
Sainsburys is in the public sector.
