food corporation of india is an example of which type of enterprise ?
Answers
Answer:
Public sector enterprise.
Explanation:
Public Sector Enterprises are a significant part of Indian frugality which comprises the public services and enterprises. An organisation possessed by the government is called a public sector enterprise. This organisation can be a pot, statutory pot or a nationalised bank. The people that work in these organisations are government workers.
The organisations possessed and managed by the government are known as Public Sector Enterprises or Public Sector Undertakings.
The Food Corporation of India( FCI) is a statutory body that works under the purview of the Ministry of Consumer Affairs, Food and Public Distribution.
It was set up in 1965 following the enactment of the Food Corporation Act, 1964 with the idea of fulfilling colourful aspects of the National Food Policy at the time.
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Answer:
Food corporation of India is an example of which type of enterprise ?
Explanation:
- Food corporation of India is an example of Public Sector Enterprise.
- The role of food corporation of India is to provide the farmers remunerative price.
- Public Distribution System is a system of management of security through distribution of food grains at affordable prices.
- Public Sector Enterprises are business which is owned and control by the government. The government completely or partially own them.
- Through this enterprises government participate in the economic activities of the country.
- There are some types of this enterprise- departmental undertaking, statutory corporation, government company.
- Public Sector Enterprise helps a country to develop economically by promoting economic growth.
Hence, food corporation of India is an example of public sector enterprise.