Explain public corporations.

1.	Explain public corporations.
Answer» Public corporations: An industrial unit owned by either central or state government but established for administering certain public programs or for a specific purpose is called a public corporation. Government plays the supreme role in the administration and decision of such industries. Example: Life Insurance Corporation (LIC), state transport corporation, Air India and fertilizer producing and selling units are examples of public corporations.

Answer»

Public corporations:

An industrial unit owned by either central or state government but established for administering certain public programs or for a specific purpose is called a public corporation.
Government plays the supreme role in the administration and decision of such industries.

Example:
Life Insurance Corporation (LIC), state transport corporation, Air India and fertilizer producing and selling units are examples of public corporations.

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Explain public corporations.

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