General Studies · Public Enterprises and Governance
Given below are two statements: Statement I: In India, the public corporation form of organization is considered highly suitable for commercial and business activities of the state. Statement II: Public Corporations in India are accountable to Parliament primarily through Annual Reports and audits by the Comptroller and Auditor General (CAG). In light of the above statements, choose the most appropriate answer from the options given below:
- 1Both Statement I and Statement II are false
- 2Both Statement I and Statement II are true✓
- 3Statement I is true but Statement II is false
- 4Statement I is false but Statement II is true
Correct answer
Both Statement I and Statement II are true
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