Answer :

The government company form of organisation preferred to other types in the public sector are :

a. Government company can easily be established as compared to other types in the public sector. The guidelines mentioned in the Companies Act need to be followed. There is no need to pass a separate bill in the parliament.

b. The government company is independent in terms of financial and administration terms. It has a Board of Directors which are extremely professional and work on the principle of Business Ethics.

c. The annual report of every government company is presented before both the houses of the Parliament. This is the efficiency and accountability of the company.

d. It creates healthy competition for the private sector to provide goods and services at a reasonable price and excellent quality.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

What was the roleNCERT - Business Studies

Disinvestments ofNCERT - Business Studies

How does the goveNCERT - Business Studies

Why is the governNCERT - Business Studies

Can the public seNCERT - Business Studies