Public Private and Global Enterprises Test

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Public Private and Global Enterprises Test - 14

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Weekly Quiz Competition

Question 1
1 / -0

Which one of the following is a push factor influencing the internationalisation of a company?

A
Difficulty in finding skilled staff in the home country

B
The need to be close to key resources

C
Low-cost labour in other countries

D
Financial incentives from governments in emerging markets.

Solution

Governments can offer financial assistance to private businesses making investments through the use of economic incentives. Incentives can include tax abatements, tax revenue sharing, grants, infrastructure assistance, no or low-interest financing, free land, tax credits and other financial resources.
Tax incentives tax credits, deductions, or reduction or forgiveness can be used by communities, states, or the federal government to obtain desirable economic, aesthetic, and social ends.
Tax incentives can accomplish more than the specific purposes they're aimed at.
Question 2
1 / -0

The most recent wave of globalisation has emphasized the outsourcing of____________.

A
natural resource extraction and mining job.

B
services & white collar jobs.

C
agricultural & forming jobs.

D
manufacturing and blue collar jobs.

Solution

A service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. Public services are those that society as a whole pays for.

White collar work may be performed in an office or other administrative setting. Other types of work are those of a blue collar worker, whose job requires manual labor and a pink collar worker, whose labor is related to customer interaction, entertainment, sales, or other service-oriented work.
Question 3
1 / -0

Fast growth in the private sector was after the policy reforms announced in _____________.

A
$$1992$$

B
$$1991$$

C
$$1998$$

D
$$2001$$

Solution

According to the policy of 1991 the role of public sector was limited only to four industries; rest all the industries were opened for private sector also. Privatization refers to giving greater role to private sector and reducing the role of public sector.
To execute policy of privatization government took the following steps:(a) Disinvestment of public sector, i.e., transfer of public sector enterprise to private sector (b) Setting up of Board of Industrial and Financial Reconstruction (BIFR).
This board was set up to revive sick units in public sector enterprises suffering loss. (c) Dilution of Stake of the Government. If in the process of disinvestment private sector acquires more than 51% shares then it results in transfer of ownership and management to the private sector.
Question 4
1 / -0

Statutory meeting is to be held by __________________.

A
Public Limited company

B
Private Limited company

C
Both a & b

D
None of the above

Solution

It is a limited liability company whose shares may be freely sold and traded to the public (although a plc may also be privately held, often by another plc), with a minimum share capital of £50,000 and usually with the letters PLC after its name.
It is a limited liability company whose shares may be freely sold and traded to the public (although a plc may also be privately held, often by another plc), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Public limited companies will also have a separate legal identity.
Question 5
1 / -0

Maximum no. of members in case of private company is_________________.

A
$$50$$

B
$$100$$

C
$$150$$

D
$$200$$

Solution

464 says "Provided that the number of persons which may be prescribed under this sub-section shall not exceed one hundred." i.e. by rules limit can be prescribed, but whatever limit is prescribed it must not be greater than 100 (i.e. upto 100). And, the limit prescribed is 50 as per rules. Hence, current limit is 50 for a private company.
To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.
Question 6
1 / -0

_____is the conclusive evidence in case of company that statutory all the requirements have complied with regarding the company registration.

A
Certificate of incorporation

B
Certificate of commencement of business

C
Both

D
None of the above

Solution

Certificate of incorporation is a legal document required at the time of company formation. It is said to be a license to form a company, issued by the state government. Certificate of incorporation has been divided into the different articles but there are many others things that can be included in the certificate of Incorporation. There should be a digital signature which should add by the director of the corporation.
Question 7
1 / -0

A special feature of a Government company is _____________.

A
special provision for their audit

B
it is a company of government

C
an association not for profit

D
none of the above.

Solution

Government companies are exempted from the accounting and audit rules and procedures. The Comptroller and Auditor General of India shall appoint an auditor within a period of one hundred and eighty days from commencement of financial year to hold office till conclusion of the annual general meeting. The annual report is to be presented in the parliament or the state legislature.
Question 8
1 / -0

Maximum number of members in case of a public company is ____________.

A
$$0$$

B
unlimited

C
$$50$$

D
$$200$$

Solution

There is no limit on maximum numbers of members in case of public companies (in India).
Question 9
1 / -0

ITC was originally named as _______.

A
Imperial Tobacco company

B
Indian Tobacco company

C
Indian Tea company

D
None of the above

Solution

ITC Limited is an Indian company headquartered in Kolkata, West Bengal. Its five diversified businesses are Fast-Moving Consumer Goods, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology.
Question 10
1 / -0

An advocate in India sue for his fees.

A
True

B
False

C
Partially true

D
Totally irrelevant

Solution

Yes, in India an advocate sue for his fees. Charging of fees depends on the Lawyers considering the nature of the case, status of the litigants, labour that requires in research works, etc. Even there are Lawyers who charge or not even charge for many good causes.
Therefore, for this query, i answer that the fee of the lawyers is solely at the wisdom of the lawyer. They deal with the cases and whatever be the result, they take it to appeal or defend the appeal.
If the case ends in their favour, other side would prefer appeal and if the case ends against his client, he would prefer appeal. So in any ways, he gets fruits. I would rather say, it is like harvesting coconut trees which gives yield in all the ways.

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Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 14

Result

Public Private and Global Enterprises Test - 14

Score

-

Rank

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SHARING IS CARING

Question 1

Difficulty in finding skilled staff in the home country

The need to be close to key resources

Low-cost labour in other countries

Financial incentives from governments in emerging markets.

Solution

Question 2

natural resource extraction and mining job.

services & white collar jobs.

agricultural & forming jobs.

manufacturing and blue collar jobs.

Solution

Question 3

$$1992$$

$$1991$$

$$1998$$

$$2001$$

Solution

Question 4

Public Limited company

Private Limited company

Both a & b

None of the above

Solution

Question 5

$$50$$

$$100$$

$$150$$

$$200$$

Solution

Question 6

Certificate of incorporation

Certificate of commencement of business

Both

None of the above

Solution

Question 7

special provision for their audit

it is a company of government

an association not for profit

none of the above.

Solution

Question 8

$$0$$

unlimited

$$50$$

$$200$$

Solution

Question 9

Imperial Tobacco company

Indian Tobacco company

Indian Tea company

None of the above

Solution

Question 10

True

False

Partially true

Totally irrelevant

Solution

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Question Analysis

My Perfomance

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