Vidyalelo
Commerce · Q29

Business and Commerce

Graduate and Post Graduate · Commerce · question 29

Q29

A public corporation means _________.

A.
Public company
B.
Government company
C.
Statutory corporation
Answer
D.
Department of union government

Answer: Option C

Solution

Answer: Option C
Solution:
A public corporation means Statutory corporation. Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments.