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Public Private and Global Enterprises Test - 11

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Public Private and Global Enterprises Test - 11
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The government company obtains funds from ___________ .
    Solution
    The government company can obtain funds from any of the above-mentioned options. All the Companies whether private or public need to raise capital in order to invest in new projects and for their future growth. While some companies also aim to use the profits from ongoing business operations to fund their projects but it is often more favorable to seek external lenders or investors for better liquidity in the Company. 
    Thus the correct answer is D.
  • Question 2
    1 / -0
    Minimum paid up capital to be kept by the government of a government company is ______.
    Solution
    A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% 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. government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government.
  • Question 3
    1 / -0
    An auditor for the government company is appointed by ___________.
    Solution

    In accordance with the provisions of Section 139 of the Companies Act, 2013 (earlier section 619 of the Companies Act, 1956), in the case of a Government company, the Comptroller and Auditor General of India (C&AG of India) shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an.
  • Question 4
    1 / -0
    Statutory corporations are public enterprises brought into existence by _____________.
    Solution
    Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament which defines it's powers, functions, rules and regulations etc.
  • Question 5
    1 / -0
    The shares of the government company is purchased in the name of ___________.
    Solution
    The shares of the company are purchased in the name of the President of India. Since the government is the major shareholder and exercises control over the management of these companies.
  • Question 6
    1 / -0
    Which of the following is not a characteristic of MNCs?
    Solution
    MNC'S are gigantic corporations which have their operations in a number of countries. They are characterized by their huge size, large number of products, advanced technology, marketing strategies and network of operations all over the world.
  • Question 7
    1 / -0
    The main aim of global enterprises is to ______________.
    Solution
    Global enterprises are the companies that operate around the world.Through a network of their branches in several countries, global enterprises extend their industrial and marketing operations. Their vision to work across many global frontiers to earn in international currencies of many countries.
  • Question 8
    1 / -0
    Government companies provide ___________. 
    Solution
    Government companies are providing goods and services at reasonable prices. Due to this they are able to control the market and can also curb unhealthy business practices.
  • Question 9
    1 / -0
    A joint venture means establishing a firm that is jointly owned by ______________.
    Solution
    A joint venture  is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.
  • Question 10
    1 / -0
    Joint venture is a common strategy to enter into a/an ____________.
    Solution
    Joint venture is a common strategy to enter into a foreign market as the domestic company jointly ventures into the foreign market with a domestic company of that region with the required resources and finances.
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