Public Private and Global Enterprises Test

Result

Public Private and Global Enterprises Test - 10

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Weekly Quiz Competition

Question 1
1 / -0

____ formed by the government to meet some governmental and political purposes.

A
A foreign corporations

B
A public corporation

C
A Private corporations

D
A professional corporations

Solution

Public Corporation is a body corporate created by an Act of Parliament or Legislature. Its name is notified in the official gazette of the Central or State Government. It is an artificial person with the flexibility of the private sector and the powers of the government. They are set up with the objective of carrying out a specific type of commercial activity. These organizations are formed for administering nationalized industries or undertakings. Many service organizations of the government are set up in the form of corporations. It is formed and operated basically with a service motive. Profits are only a secondary consideration. For eg: FIC, LIC, ONGC etc.
Question 2
1 / -0

Global market leader is an organization which _________.

A
has more than $$50\%$$ global market share.

B
is recognized as being ahead of the rest in terms of market share

C
is ahead of the competition in terms of global innovation

D
has the monopoly over several foreign markets

Solution

Global market leader is an organization which is recognized as being ahead of the rest of the organizations in the global market in terms of the market share of the organization.
Question 3
1 / -0

The objects and powers of a statutory corporation ______.

A
may not change

B
may not be changed easily

C
may change easily

D
none applicable

Solution

It is very difficult to form statutory corporations because it requires lengthy documentation, complicated formalities and passing of statue.The policies once approved, the statue once passed cannot be changed easily. It can be done by the parliament only and this is very time consuming.
Question 4
1 / -0

Which ONE of the following is unlikely to constitute unfairly prejudicial conduct?

A
The payment of excessive remuneration.

B
Preventing the members from obtaining the best price for their shares.

C
The improper transfer of shares.

D
Mismanagement

Solution

Mismanagement. (usually uncountable, plural mismanagements) The process or practice of managing ineptly, incompetently, or dishonestly. The value of the firm's stock fell precipitously when word leaked out that officers of the company were under investigation for gross mismanagement.
Question 5
1 / -0

Statutory corporations are ____________.

A
Private enterprises

B
Public enterpises

C
Government enterprises

D
Both A & B

Solution

Statutory corporations are public enterprises brought into existence by a special act of the parliament which defines its powers, functions, rules, regulations etc.
Question 6
1 / -0

Statutory corporations are wholly owned by ______________.

A
The state government

B
The central government

C
Private sector

D
All of the above

Solution

Statutory corporations are wholly owned by the central government which has the ultimate financial responsibility and has the power to appropriate its profit and also has to bear the losses of any.
Question 7
1 / -0

The employees of statutory corporations are _____________.

A
Government employees

B
Civil servants

C
Public sector employees

D
None of the above

Solution

The employees of statutory corporations are not government or civil servants or public sector employees and are not governed by government rules and regulations. The conditions of service of the employees are governed by the provisions of the act itself.
Question 8
1 / -0

Which of the following function can a statutory corporation perform?

A
Acquire property on its own name

B
Enter into contract

C
Get sued or can sue

D
All of the above

Solution

A statutory corporation is a body corporate and can sue and be sued, enter into contract and acquire property in its own name.
Question 9
1 / -0

The policies and procedures of a statutory corporation are assigned to them by __________.

A
Government

B
Organization itself

C
Special act of parliament

D
Neither of the above

Solution

Since statutory corporations are autonomous organizations, they frame their own policies and procedures within the powers assigned to them by the Act. The Act may, however, provide few issues which require prior approval of a particular ministry.
Question 10
1 / -0

Statutory corporations have the power of ________________.

A
Government

B
Public enterprises

C
Private enterprises

D
All of the above

Solution

A statutory corporations is a valuable instrument for economic development. It has the power of the government, combined with the initiative of public and private enterprises.

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Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 10

Result

Public Private and Global Enterprises Test - 10

Score

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Rank

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SHARING IS CARING

Question 1

A foreign corporations

A public corporation

A Private corporations

A professional corporations

Solution

Question 2

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

Solution

Question 3

may not change

may not be changed easily

may change easily

none applicable

Solution

Question 4

The payment of excessive remuneration.

Preventing the members from obtaining the best price for their shares.

The improper transfer of shares.

Mismanagement

Solution

Question 5

Private enterprises

Public enterpises

Government enterprises

Both A & B

Solution

Question 6

The state government

The central government

Private sector

All of the above

Solution

Question 7

Government employees

Civil servants

Public sector employees

None of the above

Solution

Question 8

Acquire property on its own name

Enter into contract

Get sued or can sue

All of the above

Solution

Question 9

Government

Organization itself

Special act of parliament

Neither of the above

Solution

Question 10

Government

Public enterprises

Private enterprises

All of the above

Solution

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