Business Studies

Which of the following refers to a corporate body created by the Parliament of State Legislature by a special Act which defines its powers, functions and pattern of management?


ANSWER

Statutory corporation


SOLUTION
A statutory corporation is a corporation created by the state. Their precise nature varies by jurisdiction, thus, they might be ordinary companies/corporations owned by a government. Examples: Reserve Bank of India, State Bank of India, Life Insurance Corporation, Unit Trust of India, Employees State Insurance Corporation, Oil and Natural Gas Corporation etc. are some examples of statutory corporations
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 199
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
At present only __________ industries are reserved for the public sector.
  • A. $$5$$
  • B. $$7$$
  • C. $$8$$
  • D. $$2$$

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
How many members should sign the MOA in case of public company___________.
  • A. 1
  • B. 5
  • C. 3
  • D. 7

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
Long Answer Type Questions: Why are global enterprises considered superior to other business organisations?

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Feature(s) of a public corporation is/are ____________________.
  • A. It can sue and be sued and can enter into contracts in its own name.
  • B. The public corporation is wholly owned by the Central and/or State Government(s).
  • C. It enjoys financial autonomy.
  • D. All of above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
________ can also be described as any form of association which implies collaboration for more than a transitory period.
  • A. Joint venture
  • B. Licensing
  • C. Contract Manufacturing
  • D. Wholly Owned Subsidiaries

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer