Business Studies

____ formed by the government to meet some governmental and political purposes.


ANSWER

A public corporation


SOLUTION
Public Corporation is a body corporate created by an Act of Parliament or Legislature. Its name is notified in the official gazette of the Central or State Government. It is an artificial person with the flexibility of the private sector and the powers of the government. They are set up with the objective of carrying out a specific type of commercial activity. These organizations are formed for administering nationalized industries or undertakings. Many service organizations of the government are set up in the form of corporations. It is formed and operated basically with a service motive. Profits are only a secondary consideration. For eg: FIC,  LIC,  ONGC etc.
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
Joint venture is a common strategy to enter into a/an ____________.
  • A. Indian market
  • B. foreign market
  • C. domestic goods market
  • D. producers market

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Under section 44 of the companies Act_________________.

  • A. A private company can convert into public company
  • B. A private company can wound up
  • C. A public company can wound up
  • D. None of the above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Public enterprise is an autonomous or semiautonomous organisation.
  • A. True
  • B. False
  • C. Partly true
  • D. Partly false

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Subjective Medium
Explain the following Principles of management, as advocated by Henry Fayol:
Order

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
Success in a joint venture depends on comprehensive research and a detailed analysis of aims and objectives.
  • A. True
  • B. False

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


1 Verified Answer | Published on 18th 08, 2020

View Answer