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Justify the following statement. There is no political interference in statutory corporation. - Organisation of Commerce and Management

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प्रश्न

Justify the following statement.

There is no political interference in statutory corporations.

टिप्पणी लिखिए

उत्तर

  1. A statutory corporation is an autonomous corporate body.
  2. Statutory Corporation is an artificial person created by law and it has an independent legal entity.
  3. Employees are not government servants.
  4. A statutory corporation enjoys financial autonomy or independence.
  5. A statutory corporation comes into existence by following a particular act, therefore, there is no political interference information.
  6. Thus, all statutory corporations are free from political interference.
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Statutory Corporation
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अध्याय 5: Forms of Business Organisation - 2 - EXERCISE [पृष्ठ ११६]

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बालभारती Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
अध्याय 5 Forms of Business Organisation - 2
EXERCISE | Q 6. 3) | पृष्ठ ११६

संबंधित प्रश्न

Select the correct option and rewrite the sentence:

A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.


Select the correct option and rewrite the sentence:

A statutory corporation is answerable to ___________ Or state assembly whosoever creates it.


Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.


Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.


Give one word/phrase/term.
An organisation which 1s not subject to the budget, accounting and audit controls by the government.


Correct the underlined word and rewrite the following sentence.

A Statutory Corporation is not answerable to parliament or state assembly.


Explain the following term/concept.

Statutory Corporation.


Study the following case/situation and express your opinion.

A central government passes a statute in the parliament and forms a business organisation which is having autonomy in administration and this organisation is answerable to the legislature.

  1. Which type of organisation is this?
  2. Give any three Features of this organisation.
  3. Give anyone an example of this type of organisation.

Distinguish Between Government Company and Statutory Corporation. 


Answer in brief.

State any four features of statutory corporation. 


Justify the following statement.

There is professional management in statutory corporation.


Attempt the following.

Merits of Statutory Corporation.


Attempt the following.

Demerits of Statutory Corporation.


Answer the following in detail.

Explain Statutory Corporation and its features.


Answer the following in detail.

Explain merits and demerits of Statutory Corporation.


Match the pairs.

Group A Group B 
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by govt.
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
  6) 51% paid up capital by govt.

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