Business Studies

Statutory corporations are wholly owned by ______________.


ANSWER

The central government


SOLUTION
Statutory corporations are wholly owned by the central government which has the ultimate financial responsibility and has the power to appropriate its profit and also has to bear the losses of any.
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 145
Enroll Now For FREE

Realted Questions

Q1 TRUE/FALSE Medium
Collaboration with MNCs also lead to growth of monopolies.
  • A. True
  • B. False

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
Identify the association which exists between 'Maruti' company of India and Japanese Inc. 'Suzuki'. What document is prepared to establish their business terms?

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
In the word of ______________" a public Corporation is an organization that is clothed with power of the government, but is possessed with the flexibility and initiative of private enterprise."   
  • A. Roosevelt
  • B. Schumpeter
  • C. Prof. Robson
  • D. Ronaldo

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
The ______ of a government company is appointed or reappointed by the Comptroller and Auditor General of India.
  • A. Auditor
  • B. Company Secretary
  • C. Both (a) and (b)
  • D. None 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
The companies are governed by the Companies Act, ________.
  • A. $$1956$$
  • B. $$1936$$
  • C. $$2013$$
  • D. $$1856$$

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


1 Verified Answer | Published on 18th 08, 2020

View Answer