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A public enterprise brought into existence by a Special Act of Parliament is a:
ACooperative body
BStatutory corporation
CDepartmental unit
DGovernment company
Answer & Solution
Correct answer: B. Statutory corporation
1. The Act defines its powers and functions.
2. It is financially independent.
3. That is a statutory corporation.
_Source: NCERT Class 11 Business Studies, Chapter 3, Private, Public and Global Enterprises._
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