Question

The India Tourism Development Corporation (ITDC) came into existence in

October 1966 and has been the prime mover in the progressive development,

promotion and expansion of tourism in the country. 89.9% of the paid-up equity

capital of the corporation is held in the name of President of India whereas Indian

Railways is India’s National Railway System operated by the Ministry of Railways.

It manages the fourth largest Railway network in the world by size with the route

length of 67,368 kilometers as of March 2017.

I. How will you classify the above stated undertakings (ITDC and Indian Railways)

as a form of public sector enterprise?

II. Differentiate between the forms of public sector enterprise identified in part I

on any two basis.​

Answer 1

Answer:

The India Tourism Development Corporation (ITDC) came into existence in

October 1966 and has been the prime mover in the progressive development,

promotion and expansion of tourism in the country. 89.9% of the paid-up equity

capital of the corporation is held in the name of President of India whereas Indian

Railways is India’s National Railway System operated by the Ministry of Railways.

It manages the fourth largest Railway network in the world by size with the route

length of 67,368 kilometers as of March 2017.