Examples of statutory corporation in india
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Answer:
Statutory Corporations are also called as ‘public corporation’, and is fully subscribed and owned by state.
Explanation:
It is created by state legislature with Pre-determined powers, objects, and functions and is an autonomous body form of public sector that has several limitations, rules and regulations.
Examples of statutory corporations:
In India, “Reserve Bank of India, Unit Trust of India, State Bank of India, Oil and Natural Gas Corporation, Life Insurance Corporation, etc”.
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