Question

which one of the following public sector undertakings is established by passing a special law under parliament.
Partnership
Sole Proprietorship
statutory corporation
departmental undertaking

Answer 1

Answer:

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Answer 2

Answer:

Statutory corporation is public sector undertakings is established by passing a special law under parliament.

Explanation:

• Statutory corporation is formed by passing a special act of the parliament.
• Statutory corporation are body corporates formed by a special act of parliament or it is also formed by the central or state legislature.
• This corporation is fully financed by the government.
• The powers, limitations are also decided by the act of the legislature.
• Also statutory corporation is a government entity created as a statutory body by statute.
• They are also defined as autonomous corporate bodies that are created by a special act of Parliament.
• So given are four options that is- partnership, sole proprietorship, statutory corporation, departmental undertaking. So among this options option number third is correct.

Hence, statutory corporation is correct answer.

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