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]
APPEARS IN
संबंधित प्रश्न
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.
Distinguish Between Government Company and Statutory Corporation.
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.
Demerits of Statutory Corporation.
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?
What is one main role of the Reserve Bank of India as a statutory corporation?
Why can statutory corporations easily raise capital for their operations?
Which feature directly relates to employees following corporation rules rather than government rules?
