Advertisements
Advertisements
Question
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.
Advertisements
Solution
- 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
RELATED QUESTIONS
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.
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.
Explain the following term/concept.
Statutory Corporation.
Distinguish Between Government Company and Statutory Corporation.
Attempt the following.
Merits of 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. |
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?
