question_answer 1)

A government company is any company in which the paid up capital held by the government is not less than (a) 49 percent (b) 51 percent (c) 50 percent (b) 25 percent

Answer:

(b) According to the Indian Companies Act, 1956, a government company 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.