CBSE Questions for Class 11 Commerce Business Studies Private Public And Global Enterprises Quiz 1 - MCQExams.com

All actions of statutory corporations are subject to many rules and regulations.
  • True
  • False
Which type of retail stores generally has the highest operating costs?
  • Department store
  • Supermarket
  • Chain store
  • Co-operative store
________ can also be described as any form of association which implies collaboration for more than a transitory period.
  • Joint venture
  • Licensing
  • Contract Manufacturing
  • Wholly Owned Subsidiaries
Which of the following is a part of government and does not have separate legal entity?
  • Public corporation
  • Government company
  • Departmental undertaking
  • Public limited company
As equity joint venture is _________.
  • A technological sharing arrangement between private company and Government company
  • A capital sharing arrangement between an MNC and a local company (or even a foreign Government) or another MNC.
  • A capital sharing arrangement between the private company and government company
  • None of these
Which of the following is not true about departmental undertakings?
  • Funding is directly from government
  • Employees are government servants
  • Autonomy in decision making
  • Accountable to ministry
Success in a joint venture depends on comprehensive research and a detailed analysis of aims and objectives.
  • True
  • False
RBI was formed as which type of public enterprise?
  • Statutory corporation
  • Departmental undertaking
  • Multinational corporation
  • Government company
As per Companies Act $$2013$$, a company is -
A. Formed and registered under the Companies Act, $$2013$$
B. An existing company registered under any earlier Companies Act
Select the correct answer from the options given below.
  • A only
  • B only
  • A or B
  • A but not B
Which of the following is most suitable for the purpose of generating revenue by the government?
  • Departmental undertaking
  • Government company
  • Statutory Corporation
  • None of these
The shares bought by a government company are under the name of ________.
  • Prime Minister
  • President of India
  • Directors of Company
  • Registrars of Company
___________ is set up by passing a special act in the parliament and is governed by the provision of such act.
  • Limited company
  • Public Private Partnership
  • Statutory corporation
  • Private company
Which of the following corporation conducts its operations across multiple countries/nations?
  • Private Limited Company
  • Multinational Company
  • Public Sector Company
  • Joint Sector Company
Which type of organisations are owned and managed by government?
  • Service sector
  • Public sector
  • Manufacturing sector
  • Private sector
Which of the following businesses was founded as a result of a special act passed by parliament?
  • Departmental Undertaking
  • Statutory Corporation
  • Government Company
  • Private Ltd. Company
The sectors are classified into public and private sector on the basis of ________.
  • Employment conditions
  • The nature of economic activity
  • Ownership of enterprises
  • Members of workers employed in the firm
The major tasks of Disinvestment Commission is _____________.
  • to prepare long-term disinvestment programme
  • to determine extent of disinvestment in each PSE
  • to monitor disinvestment process
  • all the above
Globalization is a term used to describe the process of removal of restrictions on which of the following?
  • Foreign Trade
  • Foreign Investment
  • (A) and (B) above
  • None of the above
When two or more firms come together to create a new business entity that is legally separate and distinct from its parents, it is known as _________.
  • Contract manufacturing
  • Franchising
  • Joint ventures
  • Licensing
The Five-member Disinvestment Commission was setup in _______.
  • 1995
  • 1996
  • 1997
  • 1998
A Company which has gone global is called a _______.
  • Multinational
  • Transnational
  • Either (A) or (B)
  • None of these
The sector owned by State or Central Government is called ______________.
  • Private sector
  • Public sector
  • Joint sector
  • Co-operative sector
Which of the following is the most important motive of private firms?
  • Sales motive
  • Maximising output
  • Profit motive
  • All the above
PSE's are organisations owned by _____________.
  • Joint Hindu Family
  • Government
  • Foreign Companies
  • Private Entrepreneurs
Centralised control in MNC's implies control exercised by _____________.
  • Branches
  • Subsidiaries
  • Headquarters
  • Parliament
Reconstruction of sick public sector units is taken up by ___________.
  • MOFA
  • MOU
  • BIFR
  • NRF
Disinvestments of PSE's implies _____________.
  • sale of equity shares to private sector/public
  • closing down operations
  • investing in new areas
  • buying shares PSE's
Secretary of Government department must be a member of the ______ . 
  • Institute of Company Secretaries of India
  • Institute of Cost and Works Accounts of India
  • Indian Administrative Service
  • Any of above
A government company is any company in which the paid up capital held by the government is not less than _______.
  • 49 percent
  • 51 percent
  • 50 percent
  • 25 percent
Public Enterprise is defined as __________.
  • an organisation run by joint efforts of Central and State Governments
  • an organisation which caters to the needs relating to public Utilities
  • an organisation in which capital is invested by public
  • an organisation owned and managed by public authorities for definite set of public purposes
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