Question

what is public corporations? what it's type ?​

Answer 1

A public corporation is that form of public enterprise which is created as an autonomous unit, by a special Act of the Parliament or the State Legislature. Since a public corporation is created by a Statute; it is also known as a statutory corporation.

more information

"Public corporation" means an entity that is created by the state to carry out public missions and services. In order to carry out these public missions and services, a public corporation participates in activities or provides services that are also provided by private enterprise

Answer 2

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▪︎Public corporation means an entity that is created by the state to carry out public missions and services.

☘EXAMPLES -

▪︎LIC, Food Corporation of India (FCI), ONGC, Air India, Indian Airlines, State Bank of India and etc.