Question

List the areas where the state or central ownership is a preferred form of business organization. Justify your choice of areas.

Answer 1

1. Coal Miners Authority Ltd.
2. Steel Authority of India Ltd.
3. Indian Telephone Industries
4. Tamil Nadu State Corporation Ltd.

A company owned by the central and/or State governments is called a Government Company. Either whole of the capital or the majority of the shares is owned by the Government.