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Correct the underlined word and rewrite the following sentence. Statutory Corporation is a natural person created by special Act. - Organisation of Commerce and Management

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Question

Correct the underlined word and rewrite the following sentence.

Statutory Corporation is a natural person created by special Acts.

One Word/Term Answer
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Solution

Statutory Corporation is an artificial person created by a special act.

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Chapter 5: Forms of Business Organisation - II - EXERCISE [Page 115]

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Balbharati Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
Chapter 5 Forms of Business Organisation - II
EXERCISE | Q 1. H) 1) | Page 115

RELATED QUESTIONS

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.


Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.


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An organisation which 1s not subject to the budget, accounting and audit controls by the government.


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A ___________ has defined powers, functions and duties.


Answer in one sentence.

What is Statutory Corporation?


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.

Merits 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?


Statutory corporations are accountable to which entity?


Why can statutory corporations easily raise capital for their operations?


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