Question

An enterprise incorporated by a Special Act of Parliament or the State Legislature intending to carry on some business of national importance is called _______.

• A. public company
• B. statutory corporation
• C. registered company
• D. registered statutory company

Answer 1

The correct option is B statutory corporation

The statutory corporations are public bodies which are regulated by a statute. E.g. RBI, SBI .etc. Hence, an enterprise incorporated by a Special Act of Parliament or the state legislature intending to carry on some business of national importance is called statutory corporation.