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Question
List the areas where the state or central ownership is a preferred form of business organization. Justify your choice of areas.
Short Note
Solution
- Coal Miners Authority Ltd.
- Steel Authority of India Ltd.
- Indian Telephone Industries
- 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.
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Introduction of Government Organisation
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