Question

name the organisation set up after the passing of a special act by the Parliament or definitive assembly point out any five such organisations set up in india​

Answer 1

Statutory Organisation is the name of an organisation set up after the passing of a special act by the Parliament or definitive assembly. the five such organisations in India are ;

1.  State bank of India.

2.  Oil and Natural Gas Company.

3.  Life Insurance Corporation.

4.  BSNL.

5.  Air India.

Answer 2

Answer:

Statutory Corporations.

Explanation:

Statutory corporations are body entities formed by a special act of parliament or by the state legislature. This corporations are fully funded by the state and powers of decision making are endowed to the legislature.

The statutory corporations are also granted financial independence as they can even seek funds outside the state but they remain answerable to the legislature.They include;

1. The State Bank of India.
2. Air India
3. Life Insurance Corporation of India.
4. The India Broadcasting Corporation.