Question

What does "enterprise" include?

A Only private companies involved in the production and distribution of goods Correct Answer Incorrect Answer
B Any government department exclusively engaged in sovereign functions like defence and atomic energy Correct Answer Incorrect Answer
C Only government units involved in the production and supply of goods Correct Answer Incorrect Answer
D Private individuals who invest in shares and debentures for personal use Correct Answer Incorrect Answer
E Any person or government department engaged in economic activities related to goods, services, investment, or securities, excluding sovereign functions like atomic energy, currency, defence, and space Correct Answer Incorrect Answer

Solution

Section 2 Definitions: (h) "enterprise" means a person or a department of the Government, including units, divisions, subsidiaries, who or which is, or has been, engaged in any economic activity, relating to the production, storage, supply, distribution, acquisition or control of articles or goods, or the provision of services, of any kind, or in investment, or in the business of acquiring, holding, underwriting or dealing with shares, debentures or other securities of any other body corporate, either directly or through one or more of its units or divisions or subsidiaries, but does not include any activity of the Government relatable to the sovereign functions of the Government including all activities carried on by the departments of the Central Government dealing with atomic energy, currency, defence and space.  

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