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Question
A statutory corporation is answerable to ______ Or state assembly whosoever creates it.
Options
Parliament
public
employees
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Solution
A statutory corporation is answerable to Parliament or state assembly whosoever creates it.
Explanation:
A statutory corporation is created by a special Act of Parliament or a State Legislature. Therefore, it is accountable to the body that established it and must report its functioning to that legislative authority.
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| 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. | ||
Statutory corporations are accountable to which entity?
Which feature directly relates to employees following corporation rules rather than government rules?
