Question

Which of the following cannot be termed as "Public Sector Enterprise"?

• A. Various departments in Government Company registered under the Companies Act, 2013
• B. Government Company registered under the Companies Act, 2013 in which all the shares are held by President of India and only one share is held by nominee of president.
• C. Statutory corporations owned and controlled by Central or State Government.
• D. All of the above

Answer 1

The correct option is A Various departments in Government Company registered under the Companies Act, 2013

A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. These companies are owned by the union government of India, or one of the many state or territorial governments, or both. The company stock needs to be majority-owned by the government to be a PSU.

Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.