Private, Public and Global Enterprises
Question 1.
The minimum number of members to form a public company is
(a) 5
(b) 21
(c) 12
(d) 7
Answer
Answer: (d) 7
Question 2.
_________ consists of business owned by individuals or a group of individuals
(a) Public Sector
(b) Private Sector
(c) Service Sector
(d) None of the above
Answer
Answer: (b) Private Sector
Question 3.
Reconstruction of sick public sector units is taken by
(a) BIFR (Board of Industrial and Financial reconstruction
(b) MOU (Memorandum of Understanding)
(c) FERA (Foreign Exchange Regulation Act)
(d) IDBI (Industrial Development Bank of India
Answer
Answer: (a) BIFR (Board of Industrial and Financial reconstruction)
Question 4.
Stages in the formation of a public company are in the following order
(a) Promotion, Incorporation, capital subscription, the commencement of business
(b) Incorporation, Capital of Business, Capital Subscription Commencement of Business,
Promotion
(c) Capital Subscription, Promotion, Incorporation, Commencement of Business
(d) Promotion, the commencement of business
Answer
Answer: (a) Promotion, Incorporation, capital subscription, the commencement of business
Question 5.
Departmental Undertakings are suitable in case of
(a) National security
(b) Commercial undertakings
(c) Industrial undertakings
(d) Infrastructural Facilities
Answer
Answer: (a) National security
Question 6.
Which one of the following is NOT a public sector undertaking?
(a) Partnership
(b) Departmental undertaking
(c) Government companies
(d) Statutory corporation
Answer
Answer: (a) Partnership
Question 7.
In the industrial policy resolution _____, the Government of India has specified the approach
towards the development of the industrial sector.
(a) 1956
(b) 1948
(c) 1932
(d) 2009
Answer
Answer: (a) 1956
Question 8.
Indian economy is _________
(a) Closed Economy
(b) Private Economy
(c) Mixed Economy
(d) Fully Developed Economy
Answer
Answer: (c) Mixed Economy
Question 9.
Preliminary Contracts are signed
(a) After commencement of business business
(b) After incorporation but before the capital subscription
(c) Before the incorporation
(d) After incorporation but before
Answer
Answer: (c) Before the incorporation
Question 10.
Statutory corporations are ____________
(a) Private enterprises
(b) Sole Proprietorship
(c) Public enterprises
(d) None of the above
Answer
Answer: (c) Public enterprises
Question 11.
Which of the following comes under the private sector?
(a) Joint Hindu Family
(b) Partnership
(c) Sole Proprietorship
(d) All of the above
Answer
Answer: (d) All of the above
Question 12.
Application for approval of name of a company is to be made to
(a) Government of the State in which Company is to be registered
(b) Registrar of Companies
(c) SEBI
(d) Government of India
Answer
Answer: (b) Registrar of Companies
Question 13.
Which one of the following is the disadvantage of MNCs?
(a) Disregard national Priorities
(b) Bringing foreign exchange
(c) Improved standard of living
(d) Bringing Advanced Technology
Answer
Answer: (a) Disregard national Priorities
Question 14.
Steel Authority Of India Limited is a public enterprise. Identify this form of public enterprises
(a) Government Company
(b) Statutory Corporation
(c) Departmental Undertaking
(d) Multinational Company
Answer
Answer: (a) Government Company
Question 15.
________ not been constituted as autonomous or independent institutions and as much are not
independent legal entities.
(a) MHRD
(b) Departmental undertakings
(c) Indian Institute of foreign trade
(d) All India Ratio
Answer
Answer: (b) Departmental undertakings
Question 16.
Which one of the following public sector undertaking is established by passing a special law
under Parliament?
(a) Statutory corporation
(b) Partnership
(c) Sole proprietorship
(d) Departmental Undertaking
Answer
Answer: (a) Statutory corporation
Question 17.
Indian economy consists of ___________
(a) Only Government Business
(b) Only Private Business
(c) Private and Government-owned business
(d) None of the above
Answer
Answer: (c) Private and Government-owned business
Question 18.
Which one of the following is a transnational Enterprise?
(a) Coca-Cola, Nestle
(b) Coca-Cola
(c) Nestle
(d) Neither (a) nor (b)
Answer
Answer: (a) Coca-Cola, Nestle
Question 19.
Centralised control in MNC implies control is exercised by
(a) Headquarters
(b) Branches
(c) Subsidiaries
(d) Parliament
Answer
Answer: (a) Headquarters
Question 20.
A government company is any company in which the paid-up capital held by the government is
not less than
(a) 49 percent
(b) 51 percent
(c) 50 percent
(d) 25 percent
Answer
Answer: (b) 51 percent
Question 21.
Departmental undertakings are financed through
(a) Budgetary Allocation
(b) Public loans
(c) Loans from financial institutions
(d) Issue of shares and debentures
Answer
Answer: (a) Budgetary Allocation
Question 22.
Expand MOU(a) Memorandum of Association United
(b) Memorandum original Universal
(c) Memorandum of Understanding
(d) Memorandum of Unity
Answer
Answer: (c) Memorandum of Understanding
Question 23.
A proposed name of a Company is considered undesirable if
(a) It resembles closely with of an existing company the name of an existing company
(b) It is identical to the name
(c) In case of any of the above of India, United Nations, etc.
(d) It is an emblem of Government
Answer
Answer: (c) In case of any of the above of India, United Nations, etc.
