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A government company is one in which government holds not less than what share of paid up capital?
A76 per cent
B100 per cent
C51 per cent
D26 per cent
Answer & Solution
Correct answer: C. 51 per cent
1. Central or state government may hold it.
2. Subsidiaries also count.
3. The threshold is 51 per cent.
_Source: NCERT Class 11 Business Studies, Chapter 3, Private, Public and Global Enterprises._
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