Question

State whether the following statements are ‘True’ or ‘False’: (1 mark each)
(i) The government provides funds to departmental undertakings.
(ii) Reserve Bank of India (RBI) is an example of government company.
(iii) Public sector enterprises are run for the profit motive.
(iv) Departmental undertaking is answerable to Ministry.
(v) Indian post is an example of statutory corporation
(vi) Government company is completely owned, managed and controlled by a
government ministry.
(vii) A departmentally run enterprise enjoys corporate status.
(viii) No Indian company carries on any operations outside India

Answer 1

Answer:

1 true

Explanation:

2 true

3 true

5 true 4 false 6 true 7 and 8 false