Business Studies

Which of the following entity is created under an Act of the Parliament or an Act of the State Legislature?


ANSWER

Statutory corporation


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 examples of statutory corporations.
View Full Answer

Its FREE, you're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 160
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Name the supervising authority under which the Registrar of Companies in a region works___________________.
  • A. An official liquidator
  • B. Regional Director
  • C. Chairman
  • D. None of the above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
In which year Bharti Airtel was founded?
  • A. 1991
  • B. 1992
  • C. 1994
  • D. 1995

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Select the correct option given below :
In the public company _______ directors are eligible to retire every year.
  • A. All
  • B. One-third 
  • C. Two-third
  • D. None of these

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
How is an MNC defined?
  • A. A MNC is a company that owns or controls production in more than one district in a country
  • B. A MNC is a company that owns or controls production in more than one state in a country
  • C. A MNC is a company that owns or controls production in more than one nation
  • 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 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