Question

Public Corporations are formed by a Special Act of Parliament or State Legislature without private participation. The act defines their powers, objects and privileges.

Options

• True

• False

• Can’t say

• Partial False

Answer 1

True

Explanation:

Public Corporations are established by a special Act of Parliament or the State Legislature, and they operate under the powers, purposes, and privileges specified in that Act. These organisations are fully owned and operated by the government, with no private involvement.