Public Private and Global Enterprises Test

Result

Public Private and Global Enterprises Test - 17

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

Which of the following describes the desired future position of the company?

A
Vision statement

B
Mission statement

C
Planning statement

D
Forecasting statement

Solution

A vision statement is sometimes called a picture of your company in the future but it’s so much more than that. Your vision statement is your inspiration, the framework for all your strategic planning.
It describes what you are trying to build and serves as a touchstone for your future actions. A vision statement may apply to an entire company or to a single division of that company.
Whether for all or part of an organization, the vision statement answers the question, "Where do we want to go?"
Question 2
1 / -0

Bharat Heavy Electrical Limited is _________?

A
Government company

B
Private sector company

C
Non-profit making company

D
All of the above

Solution

Bharat Heavy Electricals Limited owned and founded by the Government of India, is an engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India's largest power generation equipment manufacturer.
Question 3
1 / -0

Audit of Government Company is done by C & AG. This statement is ______________.

A
True

B
False

C
Partly True

D
Partly False

Solution

Auditor of all types of companies, except a Government Company, shall be appointed by the Board of Directors within 30 days from the date of registration of the Company. Tenure: First Auditor appointed by Board shall hold office till the conclusion of the first annual general meeting of the Company.
The Comptroller and Auditor General (CAG) of India is an authority, established by Article 148 of the Constitution of India, which audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government.
Question 4
1 / -0

Feature(s) of a public corporation is/ are ________________________.

A
It is generally not exempt from the rigid rules applicable to the expenditure of public funds

B
A public Corporation is managed by board of directors who are appointed by the public financial institutions

C
The primary motive of the corporation is public service rather than private profits

D
All of above

Solution

Public sector refers to government-owned organizations and government provided services. Private sector refers to organizations that are not government owned and the goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector.
Service Motive The primary motive of Public corporations is to provide services to the people and not to make profits. These organizations are expected to provide goods and services at a cheaper rate. Public Accountability A Public Corporation is accountable in the Parliament or the State Legislature.
Question 5
1 / -0

Statutory body is a body that is created under an ______________.

A
Act of Parliament

B
An Act of State Legislatures

C
Neither (a] nor (b)

D
Either (a) or (b)

Solution

Statutory body- any body that derives its power from a 'Law' or 'Statute' made by Parliament is called as statutory body or statutory authority.
Non-statutory body These are bodies which are formed by executive resolution or action, which means that they are formed by governments action only.
Question 6
1 / -0

Oil and Natural Gas Corporation, Indian Oil Corporation, Steel Authority of India, and Bharat Heavy Electrical are all examples of ______________.

A
small Scale Units

B
Private Sector Units

C
Public Sector Units

D
Sick Units

Solution

A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. These companies are owned by the union government of India, or one of the many state or territorial governments, or both. The company stock needs to be majority-owned by the government to be a PSU.
Question 7
1 / -0

Company has ________ sucession.

A
Longer

B
Continued

C
Perpetual

D
Limited

Solution

In company law, perpetual succession is the continuation of a corporation's or other organization's existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member, or any transfer of stock, etc.
Question 8
1 / -0

Central Government has prescribed that public companies with paid up share capital of ____________; or turnover of ____________; or in aggregate, outstanding loans/ borrowings/ debentures/ deposits/ exceeding ___________ as on the last date of latest audited financial statements mentioned below shall also have at least ________ as independent directors.

A
Rs.1 crore or more; Rs.10 crore or more; Rs.50 crore or more; 2 directors

B
Rs.10 crore or more; Rs.100 crore or more; Rs.50 crore or more; 2 directors

C
Rs.20 crore or more; Rs.150 crore or more; Rs.100 crore or more; 3 directors

D
Rs.100 crore or more; Rs.1,000 crore or more; Rs.500 crore or more; 3 directors

Solution

The Companies Act, 2013 defied a Public Limited Company as a private company means a company having a minimum paid-up share capital of one lakh rupees or such higher paid-up share capital as may be prescribed.Hence, a public limited company can also be started without a minimum capital of rupees five lakhs.
Rs.10 crore or more; Rs.100 crore or more; Rs.50 crore or more; 2 directors.
Question 9
1 / -0

The public corporation is suitable for undertakings requiring monopoly powers, e.g., public utilities.

A
True

B
False

C
Partly true

D
None of above

Solution

A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders.
The usual British term is public limited company. A government owned company such as an airline or public transit company. See also corporation sole.
Question 10
1 / -0

Feature(s) of a public corporation is/ are ________________________.

A
The primary motive of the corporation is to earn private profits

B
It cannot sue and cannot be sued and cannot enter into contracts in its own name

C
Both (A) and (B)

D
Neither (A) nor (B)

Solution

A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.

A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. The usual British term is public limited company. A government owned company such as an airline or publictransit company. See also corporation sole.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 17

Result

Public Private and Global Enterprises Test - 17

Score

-

Rank

-

SHARING IS CARING

Question 1

Vision statement

Mission statement

Planning statement

Forecasting statement

Solution

Question 2

Government company

Private sector company

Non-profit making company

All of the above

Solution

Question 3

True

False

Partly True

Partly False

Solution

Question 4

It is generally not exempt from the rigid rules applicable to the expenditure of public funds

A public Corporation is managed by board of directors who are appointed by the public financial institutions

The primary motive of the corporation is public service rather than private profits

All of above

Solution

Question 5

Act of Parliament

An Act of State Legislatures

Neither (a] nor (b)

Either (a) or (b)

Solution

Question 6

small Scale Units

Private Sector Units

Public Sector Units

Sick Units

Solution

Question 7

Longer

Continued

Perpetual

Limited

Solution

Question 8

Rs.1 crore or more; Rs.10 crore or more; Rs.50 crore or more; 2 directors

Rs.10 crore or more; Rs.100 crore or more; Rs.50 crore or more; 2 directors

Rs.20 crore or more; Rs.150 crore or more; Rs.100 crore or more; 3 directors

Rs.100 crore or more; Rs.1,000 crore or more; Rs.500 crore or more; 3 directors

Solution

Question 9

True

False

Partly true

None of above

Solution

Question 10

The primary motive of the corporation is to earn private profits

It cannot sue and cannot be sued and cannot enter into contracts in its own name

Both (A) and (B)

Neither (A) nor (B)

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.