Business Studies

An enterprise incorporated by a Special Act of Parliament or the State Legislature intending to carry on some business of national importance is called _______.


ANSWER

statutory corporation


SOLUTION
The statutory corporations are public bodies which are regulated by a statute. E.g. RBI, SBI .etc. Hence, an enterprise incorporated by a Special Act of Parliament or the state legislature intending to carry on some business of national importance is called statutory corporation.
View Full Answer

Its FREE, you're just one step away


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
The organization form of public sector enterprise does not include______________.
  • A. Departmental Undertaking
  • B. Statutory Corporation
  • C. Government Company
  • D. Subsidiary to Public Company

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Considering State Electricity Boards(SEBs), Central Sector and Private Sector, PLF is highest in ____________ $$(2012-13)$$.
  • A. Private Sector
  • B. SEBs
  • C. Central Sector
  • D. Both Central Sector and Private Sector

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
A joint venture means establishing a firm that is jointly owned by ______________.
  • A. 100 Independent firms
  • B. only investors
  • C. two or more independent firms
  • D. foreign businessmen

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
The term company is defined under which sec of the Act?

  • A. Sec 3(1)
  • B. Sec 4 (2)
  • C. Sec 5 (4)
  • D. Sec 1(3)

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The maximum Statutory Liquidity Ratio to be maintained by banks is_______________:
  • A. 25%
  • B. 30%
  • C. 35%
  • D. 40%

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


1 Verified Answer | Published on 18th 08, 2020

View Answer