Answer in one sentences.
1) What is Government Company?
Ans:- The Company which is registered under Companies Act, 2013 having a minimum 51% of paid-up share capital held by central government or any state government or partly by the central government and partly by one or more state governments is known as Government company.
2) What is Departmental Organisation?
Ans:- It is the oldest form of business organisation.
Departmental Organisation performs its all activities as an integral part of government only.
3) What is Statutory Corporation?
Ans:- Statutory Corporation is an autonomous corporate body created by the special act of the parliament or state legislature with defined powers, functions and duties.
4) What is Multinational Corporation?
Ans:- A multinational corporation is a business organisation that operates in many different countries at the same time.
5) What is Public Sector?
Ans:- Public sector organisations are those organisations which are set up by the government with the main object of providing essential services to the general public.
6) What is Private Sector?
Ans:- Private sector business which is owned by private individuals or groups of individuals is termed as private sector organisation.