Question

The ministry of Railways is the ministry in the government of India, responsible for the country’s rail transport. The ministry is headed by the Minister of railways, a cabinet-level Minister who presents the rail budget every year in Parliament. Indian railways are financed by the government through allocation of funds in the Annual General Budget of Parliament. Government treasury provides finances and revenue earned also paid into the treasury. How will you categorise Indian railways as a form of Public sector enterprise? State features of this type of Public sector enterprise??

Answer 1

Explanation:

public sector enterprise Is enterprise having following features

1) The legal form of it may be company or trust in most of cases

2)Main objectives is to serve public by providing specific services