A statutory corporation is established through a special Act passed by the Parliament or a State legislature. This Act defines its powers, structure, and functions. Because it is created by law, it enjoys autonomy and operates independently while still being accountable to the government.
Advertisements
Advertisements
प्रश्न
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
विकल्प
Statutory corporation
government company
MNC
MCQ
रिक्त स्थान भरें
Advertisements
उत्तर
A Statutory corporation is an autonomous corporate body created by the special Act of the Parliament or State legislature.
Explanation:
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Forms of Business Organisation - II - EXERCISE [पृष्ठ ११२]
APPEARS IN
संबंधित प्रश्न
Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.
Give one word/phrase/term.
An organisation which 1s not subject to the budget, accounting and audit controls by the government.
Complete the sentence.
A ___________ has defined powers, functions and duties.
Answer in one sentence.
What is Statutory Corporation?
Correct the underlined word and rewrite the following sentence.
Statutory Corporation is a natural person created by special Acts.
Correct the underlined word and rewrite the following sentence.
A Statutory Corporation is not answerable to parliament or state assembly.
Explain the following term/concept.
Statutory Corporation.
Study the following case/situation and express your opinion.
A central government passes a statute in the parliament and forms a business organisation which is having autonomy in administration and this organisation is answerable to the legislature.
- Which type of organisation is this?
- Give any three Features of this organisation.
- Give anyone an example of this type of organisation.
Justify the following statement.
There is no political interference in statutory corporations.
Justify the following statement.
There is professional management in statutory corporation.
Attempt the following.
Merits of Statutory Corporation.
Attempt the following.
Demerits of Statutory Corporation.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | BHEL | 1) | Special Legislature |
| B) | Statutory Corporation | 2) | 49% paid up capital by govt. |
| C) | Departmental Organisation | 3) | Service Motive |
| D) | Private Sector | 4) | Railway |
| E) | Public Sector | 5) | Profit Motive |
| 6) | 51% paid up capital by govt. | ||
Statutory corporations are accountable to which entity?
Which feature directly relates to employees following corporation rules rather than government rules?
