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STATUTORY CORPORATION

Authored by Arundhoti Mukherjee

Business

11th Grade

 STATUTORY CORPORATION
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ are public enterprises brought into existence by a special act of the parliament.

Departmental Undertakings

Government Companies

Statutory Corporation

Multinational Corporations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Give an Example of Statutory Corporation.

Hair Salon

  • Life Insurance Corporation (LIC)

Indian Railways

  • Coal India Limited (CIL)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true about statutory corporations?

Statutory corporations are public enterprises that come into existence by a special act of the parliament

Statutory corporations are subject to the same accounting and audit procedures as are applicable to government departments

Statutory enterprises are funded directly by the government treasury

The employees of statutory enterprises are civil servants

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Statutory corporations are formed by a Special Act of Parliament. The Act defines their powers, objects and privileges.

FALSE

TRUE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following enterprises has separate legal entity?

Departmental undertaking

Government company

Statutory corporation

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

​ ​ ------- and ​-------- is seen in major decisions.​

Government &

political interference

Private Company & political interference

Private Company & public

None of the above

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the feature of the following line :-

"This type of organization is wholly owned by the state"

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