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Class 11 Business Studies
Private, Public And Global Enterprises
Quiz 1
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Disinvestments of PSE’s implies
0%
Sale of equity shares to private sector/public
0%
Closing down operations
0%
Investing in new areas
0%
Buying shares of PSE’s
Explanation
Sale of equity shares to private sector/public
PSE’s are organisations owned by
0%
Joint Hindu family
0%
Government
0%
Foreign Companies
0%
Private entrepreneurs
Explanation
Government
A government company is any company in which the paid up capital held by the government is not less than
0%
49 percent
0%
51 percent
0%
50 percent
0%
25 percent
Explanation
51 per cent
Indian economy is a
0%
socialist economy
0%
pure market economy
0%
mixed economy
0%
traditional economy
Explanation
mixed economy
Which of the following enterprises may benefit the most by an established brand name at the time of incorporation?
0%
Departmental Undertaking
0%
Government Company
0%
Statutory corporations
0%
Joint Venture
Explanation
Joint Venture
Which of the following types of organisations has the capability of expansion of market territory and operates through a network of subsidiaries, branches and affiliates?
0%
MOFA
0%
MNC
0%
Public Sector enterprises
0%
Private sector enterprises
Explanation
MNC
Which of the following statements regarding recent Government policy measures towards the public sector is/are true?
a. Restructuring and reviving potentially viable PSU’s.
b. Closing down of those PSU’s that can not be revived.
c. Bringing down government equity in all non strategic PSU’s to 50 percent or lower.
d. Fully protecting the interest of workers.
0%
Only a, b and c
0%
Only a, c and d
0%
Only a, b and d
0%
Only b, c and d
Explanation
Only a, b and d
Explanation:
This is the correct option. These are the true statements regarding recent Government Policy measures towards the public sector.
In the 2001 resolution on industrial policy the number of industries exclusively reserved for the public sector was brought down. This meant that the private sector can now enter all areas, except these and the public sector would have to compete with them. Which of the following areas are now exclusive for the public sector?
a. Atomic energy
b. Arms
c. Communication
d. Railways
0%
Only a, b and c
0%
Only a, c and d
0%
Only a, b and d
0%
Only b, c and d
Explanation
Only a, b and d
Expalnation:
This the correct option because atomic energy, arms and railways are exclusive to the public sector only.
The public sector enterprises are to invest and operate in certain spheres. Which of the following is not one of these core sectors?
0%
Civil aviation
0%
Power generation plants
0%
Pharmaceuticals
0%
Project management consultancies
Explanation
Pharmaceuticals
The shares of a Government Company are purchased in the name of which of the following?
0%
The Indian Government.
0%
The President of India.
0%
The Chief Minister of the state, where the head office of the company lies.
0%
The Managing Director of the company.
Explanation
The President of India. Explanation:
The funding of which of the following enterprise comes directly from the government treasury, is under an annual appropriation from the budget of the government and the revenue earned by it is also paid into the treasury?
0%
Departmental undertaking
0%
Statutory corporation
0%
Government company
0%
Cooperatives
Explanation
Departmental undertaking
Which of the following is true about statutory corporations?
0%
Statutory corporations are public enterprises that come into existence by a special act of the parliament.
0%
Statutory corporations are subject to the same accounting and audit procedures as are applicable to government departments.
0%
Statutory enterprises are funded directly by the government treasury.
0%
The employees of statutory enterprises are civil servants.
Explanation
Statutory corporations are public enterprises that come into existence by a special act of the parliament. Explanation:
Reconstruction of sick public sector units is taken up by
0%
MOFA
0%
MoU
0%
BIFR
0%
NRF
Explanation
BIFR
Centralised control in MNC’s implies control exercised by
0%
Branches
0%
Subsidiaries
0%
Headquarters
0%
Parliament
Explanation
Headquarters
Which of the following is/are the correct way(s) of forming a joint venture company?
a. Two parties can incorporate a company in India and the business of both parties can be transferred directly to the new company.
b. The above two parties can subscribe to the shares of the joint venture company in agreed proportion, in cash, and start a new business.
c. Promoter shareholder of an existing Indian company and another party may jointly collaborate to jointly carry on the business of that company.
0%
Only a
0%
Only b
0%
Only c
0%
Only a and b
0%
Only b and c
Explanation
Only b and c
Explanation:
This is the correct answer as both these statements are correct.
All joint ventures in India require government approvals if a foreign partner or a Non Resident Indian is involved. The approval can be obtained from which of the following?
0%
RBI
0%
FIPB
0%
BIFR
0%
All of these
0%
Either RBI or FIPB
Explanation
Either RBI or FIPB
Explantion:
This is the correct answer. Reserve Bank of India gives approval if the joint venture is covered under the automatic route. Foreign Investment Promotion Board has to approve a joint venture specially, if it is not covered under the automatic route and it is a special case.
Which of the following roles are played by the public sector in the economy?
a. Regional balance
b. Economies of scale
c. Check over concentration of economic power
d. Import substitution
e. Development of infrastructure
0%
Only a, b and d
0%
Only a, c, d and e
0%
Only a, b, c and e
0%
Only b, c, d and e
0%
All of these
Explanation
All of these
Explanation:
This is the correct answer, as all these factors are important roles played by the public sector in the development of the nation.
All public sector units were referred to _______________, to decide whether a sick unit was to be restructured or closed down.
0%
PSU
0%
MOFA
0%
MoU
0%
BIFR
Explanation
BIFR
Which of the following was the first successful privatisation of a Central Public Sector Undertaking, carried out by the Government?
0%
BBUNL
0%
LJMC
0%
MMTC
0%
MoU
Explanation
LJMC
Which of the following has the power of the Government and the considerable amount of operating flexibility of private enterprises?
0%
Departmental Undertakings
0%
Statutory Corporations
0%
Government companies
0%
All of the above
Explanation
Statutory Corporations
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