Common property resources are held and managed by a defined group that shares rights and responsibilities. Village grazing lands used by all eligible households under customary or formal rules fit this description. The community regulates access, resolves conflicts and maintains the resource. This is different from state-owned open access land or purely private property.
Option A:
Option A is incorrect because a privately owned tube well is controlled by a single owner who can exclude others, so it is private property.
Option B:
Option B is correct as it involves collective use and governance by the village community, a textbook example of common property.
Option C:
Option C is incorrect since an industrial plot is owned and managed by a firm, not by a community under shared rules.
Option D:
Option D is incorrect; a petrol pump is a private commercial enterprise, not a common resource.
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