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.
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प्रश्न
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
पर्याय
Statutory corporation
government company
MNC
MCQ
रिकाम्या जागा भरा
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उत्तर
A Statutory corporation is an autonomous corporate body created by the special Act of the Parliament or State legislature.
Explanation:
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पाठ 5: Forms of Business Organisation - II - EXERCISE [पृष्ठ ११२]
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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 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.
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.
State any four features of statutory corporation.
Justify the following statement.
There is professional management in statutory corporation.
Answer the following in detail.
Explain Statutory Corporation and its features.
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?
Which feature directly relates to employees following corporation rules rather than government rules?
