Business Studies

Statutory corporations are not concerned with the central budget of government.


ANSWER

True


SOLUTION
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.
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 Full Answer

Its FREE, you're just one step away


TRUE/FALSE Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 145
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Administrative corruption includes "gift" to the _______.
  • A. Factory inspector
  • B. Boiler inspector
  • C. Pollution control board inspectors
  • D. All of above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Which of the following is/are included in public sector enterprises as 'Navaratnas'?
  • A. BHEL
  • B. BPCL
  • C. GAIL
  • D. All of above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Limited liability partnership posses not more than $$2$$ of the following character.
$$1$$. Limited liability
$$2$$. Raise funds from public
$$3$$. No separation of management from owners
$$4$$. No Restriction on number of partners
  • A. $$2 \& 4$$
  • B. $$1 \& 2$$
  • C. $$1 \& 3$$
  • D. $$1 \& 4$$

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Which of the following is/are advantage of MNC's?
  • A. MNCs bring inward investment to countries that are not their home base.
  • B. MNCs bring with them new ideas and new techniques that can help to improve the quality of production and help boost the quality of human capital in the host country
  • C. MNCs pay large sums in taxes to the host government
  • D. All of the above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Job analysis provides information used for writing _________________.
  • A. Organisation chart
  • B. Policy
  • C. Job Description
  • D. Procedure

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


1 Verified Answer | Published on 18th 08, 2020

View Answer