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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 is answerable to parliament or state assembly whosoever creates it.
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A ___________ has defined powers, functions and duties.
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What is Statutory Corporation?
Correct the underlined word and rewrite the following sentence.
Statutory Corporation is a natural person created by special Acts.
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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.
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There is no political interference in statutory corporations.
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There is professional management in statutory corporation.
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Merits of Statutory Corporation.
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?
Statutory corporations are accountable to which entity?
Which feature directly relates to employees following corporation rules rather than government rules?
