Business Studies

Which of the following form of organization is/are used for the public sector enterprises in India?
(i) Departmental undertaking
(ii) Statutory corporation
(iii) Government company
Select the correct answer from the options given.


Answer & Solution

(i), (ii) and (iii)


SOLUTION
  1. departmental undertaking is self- contained but it is under the overall control of the departmental head and the ministry concerned. It is a very old and traditional form of public enterprise. It may be organized as a separate full-fledged ministry.
  2. 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.
  3. Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.
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Single Correct Medium Published on 18th 08, 2020
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