Question

what is statutory government ??
explain its objectives. ​

Answer 1

Answer:

Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. Its powers, objects, limitations etc. are also decided by the act of the legislature. Examples include Air India, State Bank of India, Life Insurance Corporation of India etc.

Explanation:

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Answer 2

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[A statutory authority is a body set up by law which is authorised to enact legislation on behalf of the relevant country or state.]

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