Business Studies · Public, Private and Global Enterprises
Which of the following is true about statutory corporations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1They are financed solely through a separate budget passed annually by the Parliament.
- 2The employees of statutory corporations are civil servants governed by government rules.
- 3They are subject to the same accounting and audit procedures as applicable to government departments.
- 4They are public enterprises that come into existence by a special act of the Parliament or State Legislature.✓
Correct answer
They are public enterprises that come into existence by a special act of the Parliament or State Legislature.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Business Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Public, Private and Global Enterprises MCQs →Want more practice questions on Public, Private and Global Enterprises?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Business Studies · Public, Private and Global Enterprises