Which of the following comes under public sector?a)Government companiesb)Statutory corporationc)Departmental undertakingsd)All of theseCorrect answer is option 'D'. Can you explain this answer?

Question

Answer

Statuary corporation:statutay corporation are the pub. Enterprise established and governed by a special act of the parliament or by the state or central lagislature.for ex. LIC
departmental undertaking:it is established under specific ministry all activities performed by this department are integral part of the ministry.thus no independent identity. it is managed by central or state government.for ex. Railway
government companiesin this investment is done by government to start the company and if the company get profit they have to give51% in social work. and if there is loss government is liable to pay.

Answer

The business enterprises which are owned,controlled,managed by central and state government are known as Public Sector Enterprises.

Answer

Public Sector
The public sector refers to the part of the economy that is owned and controlled by the government. It includes various government organizations and enterprises that provide essential goods and services to the public.

Government Companies
Government companies are business enterprises that are owned and operated by the government. These companies are established under the Companies Act and are governed by the same rules and regulations as private companies. However, the majority of the shares in these companies are held by the government, giving it control over their operations and management. Examples of government companies include Air India, Bharat Heavy Electricals Limited (BHEL), and Oil and Natural Gas Corporation (ONGC).

Statutory Corporations
Statutory corporations are autonomous bodies that are created by an Act of Parliament or State Legislature. These corporations are established to perform specific functions or provide specific services on behalf of the government. They have a separate legal entity and can sue or be sued in their own name. Examples of statutory corporations include the Life Insurance Corporation of India (LIC), Food Corporation of India (FCI), and Airports Authority of India (AAI).

Departmental Undertakings
Departmental undertakings are organizations that are directly managed and controlled by government departments. They are not separate legal entities and operate under the administrative control of the government department to which they belong. These undertakings are primarily involved in providing essential services like healthcare, education, transportation, and communication. Examples of departmental undertakings include government hospitals, schools, post offices, and railways.

All of These
The correct answer, option 'D', states that all of the above-mentioned entities come under the public sector. This means that government companies, statutory corporations, and departmental undertakings are all part of the public sector. They are owned or controlled by the government and play a crucial role in providing goods and services to the public. These entities operate with the objective of fulfilling social welfare and promoting economic development in the country.

Answer

Government companies

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Which one of the following public sector undertaking is established by passing a special law under Parliament?

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