Question

Consider the following statements regarding the privatization of the public sector enterprises: 1. Privatization is the liquidation of government’s equity. 2. The purpose of the privatization is generally to improve fiscal health of the government along with modernization of the firm. 3. Government companies are converted into private companies in five ways. Which of the above statements is/are correct?

A 1 only
B 2 only
C Both 1 and 2
D 3 only
E None of the above
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