Question

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?

• A. Private enterprises
• B. Public enterprises
• C. Semi private enterprises
• D. None of the above

Answer 1

Answer: (B)

Public enterprises

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.