Question

which of the following is formed by a special Act of Parliament?
(a) Bharat Heavy Electricals Ltd.
(b) LG Electronic India
(c) The East India Company
(d) The Reserve Bank of India​

Answer 1

Bharat Heavy Electrical Limited is formed by special Act of Parliment

which is an Indian government owned engginearing and manufacturing company based in New Delhi $1964$.

Answer 2

A special Act of Parliament

Explanation:

(d) The Reserve Bank of India

• Statutory corporations are public enterprises that came into existence by a Special Act of the Parliament which includes Reserve Bank of India.
• The Act also defines its powers and functions, rules and regulations governed by its employees, and different types of relations with government departments.
• The Reserve Bank of India is the Central bank in India that is responsible for the supply of rupees and regulation of the different Indian banks.
• This Bank comes is formed by the special Act of Parliament.