Question

distinguish between government companies and autonomous companies

Answer 1

Distinguish between autonomous corporations and government companies: The word "autonomous-governing body" refers to a 'self-governing body', 'independent or subject' to its own legislation. If a business is an independent body or organization, it is governed by the law of the business.

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Answer 2

Answer:

• Government companies

1. The production units which are owned and run by the department and ministries of the Government are called government companies.

2. For example: The Railways, Al India radio etc.

• Autonomous corporation/companies

1. The production units which are functionally independent but are funded by the government is called autonomous corporation.

2. For example: LIC, Indian oil corporation etc.