Government companies are established for business purposes.

True

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False

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Solution

The correct option is A True
A company in which the Government or State Government holds 51% or more of the paid-up capital is called government Companies. The following are the main objectives of Government Companies:
1. To encourage the development of small-scale and ancillary industries.
2. To generate employment opportunities.
3. To create financial resources for development.
4. To develop and accelerate export.
Thus the correct answer is A.

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