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Question
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.
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Solution
Statutory Corporation
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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 1s not subject to the budget, accounting and audit controls by the government.
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.
State any four features of statutory corporation.
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Merits of Statutory Corporation.
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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. |
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?
