Government companies have ________ status. (Fill in the blank by choosing correct option)
a) legal
b) artificial
c) natural
Answers
Answer:
The correct option for the given sentence is a.
According to option a, Government companies have LEGAL status.
Explanation:
This is so because just like privately owned enterprises, governments too have to have registered companies. They too need to follow the basic rules and regulations so that they can do their daily tasks in an orderly fashion.
So governments have certain companies which operate under the umbrella of mixed economy, where they get the legal status.
Answer:
LEGAL
Explanation:
A government organization is the one where most of the stakes are owned by the central or the state government. In the case of the union territory, it obviously goes to the central government. There is a chance where some stakes are owned by the private sector. But there is a restriction that 51% of stakes have to be owned by the government. It is known as a mixed economy.