CBSE Questions for Class 11 Commerce Business Studies Private Public And Global Enterprises Quiz 2 - MCQExams.com

Government departments are headed by the ministers.
  • True
  • False
State-owned enterprises differ from privately funded companies because _______.
  • public companies can never belong to individual shareholders
  • public ownership involves workers in the running of the company then in the private sector.
  • they are funded out by government, funded from taxation.
  • none of the above
Out of the following _________ represents a company's effort to identify and categorize groups of customers and countries according to common characteristics.
  • global targeting
  • global marketing research
  • global marketing segmentation
  • global positioning.
Which are the key elements of public enterprises?
  • Recruitment and state control
  • Recruitment and Useful to various sectors
  • Public accountability and state control
  • Recruitment and Public accountability
An enterprise incorporated by a Special Act of Parliament or the State Legislature intending to carry on some business of national importance is called _______.
  • public company
  • statutory corporation
  • registered company
  • registered statutory company
Everything is an advantage of joint ventures except ________.
  • the costs of a new project can be split between the companies involved
  • manufacturing costs will be divided between the firms in the venture
  • joint ventures between firms in different countries can create new market opportunities
  • management of the joint venture will lead to disagreements.
If it is a global organization it means _______.
  • creating both standardized and customized products
  • creating standardized products for homogeneous markets
  • customizing the product range for each segment in part
  • none of the above
Select the correct option given below:
Before the statutory meeting the secretary has to draft the _______.
  • progress report
  • annual report
  • statutory report
  • none of the above
Select the correct option given below:
An Extra Ordinary General Meeting is held __________ .
  • once in a year
  • once in a lifetime
  • under special circumstances
  • None of these
Select the correct option given below:
The statutory meeting is held _______ of a company.
  • once in a life time
  • twice in a life time
  • every year
  • none of the above
Food co-operation of India is ________.
  • a joint stock company
  • company managed by department
  • company established by Special Act of Parliament
  • none of the above
Gas authority of India Limited is an example of ______.
  • limited liability partnership
  • private limited company
  • public enterprise
  • none of the above
Which of the following can be categorized as "Departmental Undertakings"?
(1)  Unit Trust of India 
(2)  Bharat Electronics Limited 
(3)  Posts and telegraph 
(4)  Posts and telegraph 
(5)  Food Corporation of India 
  The correct answer is - 
  • (1), (2) & (4)
  • (1), (3) & (5)
  • (3) & (5)
  • (2) & (4)
Section 2(45) of the Companies Act, 2013 defines a "Government company" as any company in which not less than ___________ of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government or partly by one or more State Governments.
  • 31%
  • 41%
  • 51%
  • 61%
Which of the following entity is created under an Act of the Parliament or an Act of the State legislature?
  • Statutory corporation
  • Government companies
  • Co-operative society
  • Limited Liability Partnership
Below mentioned are the features of a public enterprise except __________.
  • its primary objective is to serve government departments
  • they are not accountable to public
  • in some specific areas, they have monopoly
  • both a and b
____ formed by the government to meet some governmental and political purposes.
  • A foreign corporations
  • A public corporation
  • A Private corporations
  • A professional corporations
Global market leader is an organization which _________.
  • has more than $$50\%$$ global market share.
  • is recognized as being ahead of the rest in terms of market share
  • is ahead of the competition in terms of global innovation
  • has the monopoly over several foreign markets
The objects and powers of a statutory corporation ______.
  • may not change
  • may not be changed easily
  • may change easily
  • none applicable
Which ONE of the following is unlikely to constitute unfairly prejudicial conduct?
  • The payment of excessive remuneration.
  • Preventing the members from obtaining the best price for their shares.
  • The improper transfer of shares.
  • Mismanagement
Statutory corporations are ____________.
  • Private enterprises
  • Public enterpises
  • Government enterprises
  • Both A & B
Statutory corporations are wholly owned by ______________.
  • The state government
  • The central government
  • Private sector
  • All of the above
The employees of statutory corporations are _____________.
  • Government employees
  • Civil servants
  • Public sector employees
  • None of the above
Which of the following function can a statutory corporation perform?
  • Acquire property on its own name
  • Enter into contract
  • Get sued or can sue
  • All of the above
Statutory corporations are not concerned with the central budget of government.
  • True
  • False
The policies and procedures of a statutory corporation are assigned to them by __________.
  • Government
  • Organization itself
  • Special act of parliament
  • Neither of the above
The government does not interfere in the financial matters of statutory corporations.
  • True
  • False
Statutory corporations are free from undesirable government regulations and control.
  • True
  • False
Statutory corporations are financially dependent.
  • True
  • False
Statutory corporations have the power of ________________.
  • Government
  • Public enterprises
  • Private enterprises
  • All of the above
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