Match List – I with List – II.

Choose the correct answer from the options given below :

A-III, B-II, C-IV, D-I

The correct answer is option 4- A-III, B-II, C-IV, D-I.

* Statutory corporation- Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with Government departments. This is a corporate body created by legislature with defined powers and functions and financially independent with clear control over a specified area or a particular type of commercial activity.

* Departmental Undertaking- Departmental undertakings are established as departments of the ministry and are considered part or an extension of the ministry itself. The Government functions through these departments and the activities performed by them are an integral part of the functioning of the government.

* Joint Venture- Joint ventures may mean many things, depending upon the context we are using it in. But in a broader sense, a joint venture is the pooling of resources and expertise by two or more businesses, to achieve a particular goal. The risks and rewards of the business are also shared. The reasons behind the joint venture often include business expansion, development of new products, or moving into new markets, particularly in another country.

* Government Company- A Government company means any company in which not less than 51 percent of the paid-up capital is held by the central government, or by any state governments or government or partly by central government and partly by one or more state governments and includes a company which is a subsidiary company of such a government company.