Business Studies

Who defines the powers, functions, roles and regulations for a statutory corporation?


SOLUTION
Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functionsrules and regulations governing its employees and its relationship with government departments.
View Full Answer

Its FREE, you're just one step away


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which of the following statement is NOT true?
  • A. The power to make calls can only be exercised at the Board Meeting
  • B. The company can have both managing directors and manager
  • C. The directors cannot be removed by the State Government
  • 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 Subjective Medium
Define a statutory corporation.

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
If there is a transfer of assets from the public sector to the private sector it is referred as__________.
  • A. privatization
  • B. deregulation
  • C. nationalization
  • D. individualism

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 are the characteristics of a company? 
  • A. Corporate Personality
  • B. Limited Liability
  • C. Perpetual Succession
  • 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
MNC ________Select the most suitable.
  • A. are Indian companies that trade their securities onthe other countries exchange.
  • B. are firms that conduct their operations in more than one country through subsidiaries, division, or branches in foreign countries
  • C. are doing business at a large scale for public
  • D. are Indian companies that sell goods and services in other countries

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


1 Verified Answer | Published on 18th 08, 2020

View Answer