Discussion
Public Corporations have been created with the objective of :
(a) To increase profits
(b) Operational flexibility and autonomy
(c) Creating various job opportunities
(d) Handling large scale projects
Codes :
Answer: B
The objectives are (b), (c) and (d), so the answer is (b), (c), (d).
A public corporation is created by a special statute, such as the Life Insurance Corporation or the Food Corporation of India. The corporate form was chosen to give state enterprises operational flexibility and autonomy that a government department lacks (b), and such corporations were set up to run large-scale projects in key sectors (d) and to create employment (c).
Profit-making (a) is not the purpose: public corporations serve public goals, and many are expected only to cover costs. So codes that rest on (a), or leave out (b), are wrong.
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