Business Studies

Statutory body is a body that is created under an ______________.


Answer & Solution

Either (a) or (b)


SOLUTION
Statutory body- any body that derives its power from a 'Law' or 'Statute' made by Parliament is called as statutory body or statutory authority. 
Non-statutory body These are bodies which are formed by executive resolution or action, which means that they are formed by governments action only.
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