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Answer in one sentence. What is Statutory Corporation? - Organisation of Commerce and Management

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प्रश्न

Answer in one sentence.

What is Statutory Corporation?

एक पंक्ति में उत्तर
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उत्तर

Statutory Corporation is an autonomous corporate body created by the special act of the parliament or state legislature with defined powers, functions and duties.

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अध्याय 5: Forms of Business Organisation - II - EXERCISE [पृष्ठ ११४]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 5 Forms of Business Organisation - II
EXERCISE | Q 1. G) 3) | पृष्ठ ११४

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 1s not subject to the budget, accounting and audit controls by the government.


Complete the sentence.

A ___________ has defined powers, functions and duties.


Correct the underlined word and rewrite the following sentence.

Statutory Corporation is a natural person created by special Acts.


State any four features of statutory corporation.


Justify the following statement.

There is professional management in statutory corporation.


Attempt the following.

Demerits of 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.

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?


Statutory corporations are accountable to which entity?


Why can statutory corporations easily raise capital for their operations?


Which feature directly relates to employees following corporation rules rather than government rules?


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