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What is the meaning of public accountability? - Commercial Applications

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Question

What is the meaning of public accountability?

Options

  • Money invested in public enterprises is public money and public sector enterprises are answerable to the public through the parliament.

  • Ultimate control of a public sector undertaking lies with the government.

  • Public sector undertakings are fully owned by government or some public authority.

  • None of these

MCQ
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Solution

Money invested in public enterprises is public money and public sector enterprises are answerable to the public through the parliament.

Explanation:

Public accountability refers to the obligation of public sector enterprises to be answerable to the public, as the money invested in these organizations comes from taxpayers. These enterprises are accountable to the public through mechanisms like the parliament, which ensures transparency and proper use of public funds. The other options focus on ownership and control, but they do not directly describe the meaning of public accountability.

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Chapter 1: Introduction to Commercial Organisations - EXERCISES [Page 18]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 1 Introduction to Commercial Organisations
EXERCISES | Q I. 16. | Page 18
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