Question

state three situations where the govt company is the most suitable form of public sectors organization

Answer 1

1)Public distribution system.

2)Construction of Dams.

3)Government schools.

Answer 2

Explanation:

Government Company are most suitable form of Public sectors organization as compared to any other because

1. To form a government company there is no requirement to pass a bill by the State legislature or Parliament, and can be formed easily by following Companies Act rules and procedures.
2. A government company provides quality goods and services at a reasonable price, thereby giving a good competition to private sector companies.
3. Government companies need to place their annual report in front of both House of Parliament, and so, the management makes it sure to provide an efficient and accountable business.