NCERT · Class 11 · Business Studies · Private, Public and Global EnterprisesWhich of the following is considered the oldest and most traditional form of public sector enterprise?
Step-by-Step Solution
Departmental undertakings are the oldest and most traditional form of organizing public enterprises. They are established as departments of the ministry and are financed and controlled directly by the government.
Detailed Options Breakdown
Option : Statutory Corporation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 1: Government Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 2: Departmental Undertaking (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Public-Private Partnership
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.