Which of these is an example of a Statutory Company?

RBI

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LIC

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SBI

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All the three

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Solution

The correct option is D All the three
Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament.
LIC is a statutory body established by an act of parliament. It is wholly owned by the Govt. of India at present. RBI (reserve bank of India) & State Bank of Indiais accountable to public & parliament.

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