Benefits and Disadvantages of Statutory Corporation

Q.

IDaaS is a ________-based identity and access management offering

1. PaaS

2. SaaS

3. DaaS

4. IaaS

Q.

Identify the concept which is a body corporate and set up under a special act of the Parliament.

Q.

Write the merits of statutory corporations.

Q.

Why are department undertakings accountable to the ministry?

Q.

Brieflt explain the features of statutory corporation.

Q.

The government has a practice of appointing advisors to the Corporation Board of Statutory Corporations.

1. False

2. True

Q.

How to manage fixed assets?

Q. Statutory corporations are free from undesirable government regulations and control.

1. True
2. False

Q. Write short Notes on the following.

Merits of statutory organization.

Q. Which of the following are the merits of statutory corporation?

1. Quick decision
2. Service motive
3. Efficient Staff
4. Management
5. Admisistrative
6. Unfair Practices
7. Lack of risk
8. Inflexible

Q.

LIC is subject to parliament control over its authority to use its own revenue.

1. True

2. False

Q. Write short answer to the followings.

What are the demerits of statutory corporation?

Q. The government company has a separate legal entity apart from the government.

1. True
2. False

Q. Which of the following is autonomous or semi-autonomous corporation and companies establishes, owned and controlled by the state and engaged in industrial & commercial undertakings?

1. Public enterprises
2. Private enterprises
3. None of the above
4. Semi private enterprises

Q. Identify the demerits of the statutory corporations:

1. Corruption
2. Government interference
3. Rigidity
4. All of the above

Q. An agency comes to an end or terminates ______.

1. By the death of the principal or the agency
2. By the insanity of either the principal or the agent
3. By the insolvency of the principal, and in some cases that of the agent
4. All of the above

Q. Distinguish between the following.

Statutory corporation and Departmental organization.

Q. State with reasons whether the following statements are True or False.

Public enterprises have public accountability.

Q. Public corporations do not face any competition and are not guided by profit motives.

1. False
2. True

Q. The autonomy and flexibility of public corporation is only name's sake.

1. True
2. False

Q. In reality, a statutory corporation does not enjoy as much operational flexibility. Which disadvantage is mentioned in the given statement

1. Government advisors
2. Corruption
3. Rigidity
4. All of the above

Q. The revenue of statutory organizations do not come from the ___

Q. Corporate body is the public enterprises which define its power, functions, rules and regulations

1. False
2. True

Q. Statutory Corporations can have their own rules regarding remmuneration and recruitment of employees.

1. False
2. True

Q. Government do not interfere on major decisions and huge financial decisions of the statutory corporations.

1. True
2. False