Question

Once upon a time, a round of Election to the five Legislative Assemblies of the country was inprogress. The different political parties were putting in the best of their efforts to entice the

people through their respective promises to them. The political parties contesting elections in

these states were mainly three in number. Though all the parties made several promises in

their respective manifestos, yet each of the three parties made one such promise as compelled

the people to give a thought to it. One of the political parties made a promise that if they came

to power, they would set up such Government Enterprises in the states as well have the

partnership of both the people and Government. However, in these Enterprises, the

ownership of the Government shall not be less than 51%. The setting up of the Government

Enterprises was done as per the provisions of the Indian Company Act, 2013. The Financing of

these Enterprises would be done jointly by both, the people and the Government. The second

political party promised that if they came to power, they would set up such Government

Enterprises as would be completely under the ownership of the Government. The burden of

financing them would not be put on the shoulders of the people, but they would be managed

with the general budget. The third political party, which was contesting the elections for the

first time, promised that on coming into power they would set up such Government

Enterprises as will be fully financed by the Government. However, there would be no bar to

get a loan from the people to set them up. They would be set up as per the special Act passed

by the Parliament or the State Legislative Assembly. On the basis of the above paragraph,

explain what type of Government Enterprises to be set up are being promised by three

political parties.​

Answer 1

Answer:

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