CBSE · Class 11 · Business Studies · Private, Public and Global EnterprisesWhich form of public sector enterprise is established under a special Act of Parliament or State Legislature?
Step-by-Step Solution
Statutory corporations are established under a special Act of Parliament or the State Legislature. They are body corporate and are fully owned by the state. Their powers, objects, and limitations are defined by the Act itself.
Detailed Options Breakdown
Option : Departmental Undertaking
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 1: Statutory Corporation (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Government Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 3: Sole Proprietorship
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
💡 Study Guide: This question tests core syllabus concepts from Private, Public and Global Enterprises. For formulas, key summaries, and mock exam reference guides, read the full Private, Public and Global Enterprises Revision Notes.