Which one among the following is an example of departmental enterprises ?
a) post and telegraph
b) life insurance corporation
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Life Insurance Corporation
Explanation:
A departmental undertaking is self- contained but it is under the overall control of the departmental head and the ministry concerned. It is a very old and traditional form of public enterprise. It may be organized as a separate full-fledged ministry.
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⏩(a.) POST AND TELEGRAPH
♥️... Post and Telegraph Department is part of a Government Ministry. It is fully managed, controlled and financed by the concerned ministry. The annual budget of the ministry makes provision for die funds needed by the department. The ministry is answerable to the Parliament for its functioning.... ♥️
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