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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.
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.
State any four features of 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.
Merits of 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. | ||
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?
