Ch#3 Public, Private And Global Enterprise

Question 1

Definition of departmental undertakings

Answer 1

the most common and established forms of public enterprises of a country. Such an enterprise is financed as well as organized and managed by the ruling Government of that country itself.

Question 2

Define statutory corporations

Answer 2

Statutory corporations are public enterprises brought into existence by a special act of the parliament. The act defines its powers and functions, rules and regulations governing its employees and its relationship with the government departments

Question 3

Define government company

Answer 3

A government means any company in which not less than 51 per cent of the paid up capital is held by the central government or by any state government or partly by central government and partly by one or more state governments

Question 4

Define PPP (public private partnership)

Answer 4

It is defined as a relationship between public and private entities in the context of infrastructure and other services