Teaching Business Studies Business Ownership Question Bank MCQ - Business Ownership

  • question_answer
    Consider the following statement(s).
    Regarding statutory corporation?
    I. They are not under the control of state government.
    II. They have ultimate financial responsibility.
    III.They are formed by the special act of the parliament.
    Which of the statement(s) given above is/are correct?

    A)  I and II                                    

    B)  II and III

    C)                     I and III                                   

    D)  All of these

    Correct Answer: B


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