Business Studies, asked by anonymous1909, 8 months ago

Identify the types of public sector undertakings in the following situations:- These enterprises are subject to accounting and audit controls applicable to other government activities.
b) The employees of these enterprises are not government or civil servants and are not governed by government rule and regulations.
c) These enterprises has a separate loyal existence i.e., it can file a suit in a court of law against any third party and be sued;can enter into a contract and can acquire property in its own name.
d) These enterprises are wholly owned by the state.The government has the ultimate financial responsibility & has the power to appropriate its profits.
e) It functions under the overall control of one ministry.The revenues are deposited in the treasury of government.​

Answers

Answered by vidyajain19924
3

Explanation:

B) The government has the ultimate financial responsibility and has the power to appropriate its profits. ... It is also not concerned with the central budget of the Government; ..

The employees of these enterprises are not government or civil servants and are not governed by government rules and regulations

C) I don't know

D) A statutory corporation is formed by passing a special Act of Parliament. These corporations are wholly owned by the state, with ultimate financial responsibility (both profit and loss) lying with the government. Examples of statutory corporation are State Bank of India, Food Corporation of India, etc.

E) I don't know

Answered by geethatrl1976
3

Answer:

Ques. 13 Identify the types of public sector undertakings in the following situations. (a)These Enterprises are subject to accounting and audit controls applicable to other government activities. (b)The employees of these enterprises are not government or civil servants and are not governed by rule and regulations. (c)These enterprises have a separate legal existence that is it can file a suit in a court of law against any third party and be sued; can enter into contract and can acquire a property in its own name. (d)These enterprise are wholly owned by the state. The government has the ultimate financial responsibility and has the power to appropriate its profits.

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