Business Studies

Which of the following form of organization is/are used for the public sector enterprises in India?
(i) Departmental undertaking
(ii) Statutory corporation
(iii) Government company
Select the correct answer from the options given.


ANSWER

(i), (ii) and (iii)


SOLUTION
  1. departmental undertaking is self- contained but it is under the overall control of the departmental head and the ministry concerned. It is a very old and traditional form of public enterprise. It may be organized as a separate full-fledged ministry.
  2. Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. ... It is a corporate person and has the capacity of acting in its own name.
  3. Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.
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Single Correct Medium Published on 18th 08, 2020
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