Question

Indian Railways is a state-owned national railway system of India controlled and operated by the Ministry of Railways. It is directly financed by the central or state governments from time to time. The required funds are allotted from the Government Treasury. It is required to prepare a budget estimate for the expenditure of these concerns. There is separate budget provisions are made for meeting the financial requirements of these enterprises. All the revenues generated from these undertakings are directly transferred to the Government Treasury. Accounting and Auditing of these undertakings are performed as per the rules and regulations framed from time to time by Indian Audit and Accounts Department. Government takes various steps required for audit of the accounts of these undertakings. Employees of this organization are working as per the rules and regulations framed by government at times in the same way like other government servants. The control and management of such undertakings are generally assigned to the Government Officers belonging to Indian Administrative Service, Indian Revenue Service and Indian Audit &Accounts Service etc.

a) You are required to identify the type of business undertaking discussed in the above case.



(1 Point)

Departmental Undertaking

public corporation

government company

private sector

Answer 1

Answer:

it is so big sorry I cont answer