Public Private and Global Enterprises Test

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Public Private and Global Enterprises Test - 1

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Weekly Quiz Competition

Question 1
1 / -0

___________ are set up under an Act of parliament and are governed by the provisions of the Act.

A
Private Companies

B
Partnership

C
Limited Companies

D
Statutory Corporations

Solution

Explanation:

Statutory corporations: Statutory corporations are public enterprises brought into existence by a special act of the parliament and are governed by the provisions of the Act.
Question 2
1 / -0

Which of the following is an example of Departmental undertakings?

A
Railway

B
Air India

C
All of these

D
Post and Telegraph Department

Solution

Explanation:

Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post & telegraph department and Air India.
Question 3
1 / -0

________ not been constituted as autonomous or independent institutions and as much are not independent legal entities.

A
Departmental undertakings

B
MHRD

C
Indian Institute of foreign trade

D
All India Ratio

Solution

Explanation:

Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post and telegraph department.
Question 4
1 / -0

Which of the following comes under the private sector?

A
Joint Hindu Family

B
Partnership

C
All of these

D
Sole Proprietorship

Solution

Explanation:

There are various types of business in private sector. Private Sector is actually business organizations that owned and run in private individuals. There are various types of business in private sector, like Sole Proprietor, Partnership, Limited Companies, Cooperatives, and Joint Hindu Family.
Question 5
1 / -0

Which of the following comes under public sector?

A
Departmental undertakings

B
All of these

C
Statutory corporation

D
Government companies

Solution

Explanation:

The different types of public sector enterprises are as follows:

1.Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post and telegraph department.

2.Statutory corporations : Statutory corporations are public enterprises brought into existence by a special act of the parliament.3.Government company : A Government company is established under the Indian Company Act, 1956 and is registered and governed by the provisions of the Indian Companies Act.
Question 6
1 / -0

In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.

A
1956

B
2009

C
1948

D
1932

Solution

Explanation:

After having attained independence, the Government of India declared its first Industrial Policy on 6th April, 1948. The Industrial Policy 1948 was presented in the parliament by then Industry Minister Dr. Shyama Prasad Mukherjee.
Question 7
1 / -0

____ _________consists of various organisations owned and managed by Government.

A
Service Sector

B
Public Sector

C
Private Sector

D
Manufacturing Sector

Solution

Explanation:

A state-owned enterprise in India is called a Public Sector Undertaking (PSU) or a Public Sector Enterprise (PSE). These companies are owned by the union government of India, or one of the many state or territorial governments, or both.
Question 8
1 / -0

___________ consists of business owned by individuals or a group of individuals.

A
Private Sector

B
Public Sector

C
Service Sector

D
None of these

Solution

Explanation:

The private sector encompasses all for-profit businesses that are not owned or operated by the government. This is run by private individuals or groups, usually as a means of enterprise for profit.
Question 9
1 / -0

Indian economy is _________.

A
Closed Economy

B
Fully Developed Economy

C
Private Economy

D
Mixed Economy

Solution

Explanation:

The Indian economy consists of both privately owned and government owned business enterprises, it is known as a mixed economy. The Government of India has opted for a mixed economy where both private and government enterprises are allowed to operate.
Question 10
1 / -0

Indian economy consists of ___________.

A
Only Private Business

B
Private and Government owned business

C
None of these

D
Only Government Business

Solution

Explanation:

The Indian economy consists of both privately owned and government owned business enterprises, it is known as a mixed economy. The Government of India has opted for a mixed economy where both private and government enterprises are allowed to operate.

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Public Private and Global Enterprises Test - 1

Result

Public Private and Global Enterprises Test - 1

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SHARING IS CARING

Question 1

Private Companies

Partnership

Limited Companies

Statutory Corporations

Solution

Question 2

Railway

Air India

All of these

Post and Telegraph Department

Solution

Question 3

Departmental undertakings

MHRD

Indian Institute of foreign trade

All India Ratio

Solution

Question 4

Joint Hindu Family

Partnership

All of these

Sole Proprietorship

Solution

Question 5

Departmental undertakings

All of these

Statutory corporation

Government companies

Solution

Question 6

1956

2009

1948

1932

Solution

Question 7

Service Sector

Public Sector

Private Sector

Manufacturing Sector

Solution

Question 8

Private Sector

Public Sector

Service Sector

None of these

Solution

Question 9

Closed Economy

Fully Developed Economy

Private Economy

Mixed Economy

Solution

Question 10

Only Private Business

Private and Government owned business

None of these

Only Government Business

Solution

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