Business Studies

The public corporation is suitable for undertakings requiring monopoly powers, eg public utilities.


ANSWER

True


SOLUTION
The term public sector undertaking enterprise refers to a Government Company. The government company gets incorporated under the companies act, 1956. All the provisions of companies act are applicable to a government company. Ownership: The government company is wholly or partly owned by the government.
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Single Correct Medium Published on 18th 08, 2020
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