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प्रश्न
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.
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उत्तर
- It is a Statutory Corporation.
- A corporate body, No political interference, Own staffing system are the features of Statutory Corporation.
- “Life Insurance Corporation of India” is the example of a Statutory Corporation.
APPEARS IN
संबंधित प्रश्न
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
A statutory corporation is answerable to ______ Or state assembly whosoever creates it.
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 is answerable to parliament or state assembly whosoever creates it.
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.
Justify the following statement.
There is no political interference in statutory corporations.
Justify the following statement.
There is professional management in statutory corporation.
Answer the following in detail.
Explain Statutory Corporation and its features.
Answer the following in detail.
Explain merits and 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. | ||
Which of the following is a major advantage of statutory corporations in India?
What is one main role of the Reserve Bank of India as a statutory corporation?
Statutory corporations are accountable to which entity?
Why can statutory corporations easily raise capital for their operations?
