Public Private and Global Enterprises Test

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Public Private and Global Enterprises Test - 18

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following is not reserved for public sector?

A
Railway

B
Atomic Energy

C
Defense

D
None of the above

Solution

The three industries of Railways, Atomic Energy and Defense are reserved for operation and management by the public sector or Government only. This is because of the need for security and secrecy to be maintained especially in the functioning of the Atomic Energy sector and Defense of the country. Also, Railways is basic service available at a low rate to all and thus handled by the Government.
Question 2
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Which of the following can be termed as "Public Sector Enterprise"?

A
Various departments in Government Company registered under the Companies Act, 2013

B
Government Company registered under the Companies Act, 2013 in which all the shares are held by President of India and only one share is held by nominee of president.

C
Statutory corporations owned and controlled by Central or State Government.

D
All of the above

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.
Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.
Question 3
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A subsidiary of government company is also treated as a ___________.

A
Government Company

B
Public Company

C
Private Company

D
All of the above

Solution

The Central Government, or Any State Government or Governments, or Partly by the Central Government and partly by one or more State Governments, or includes a Company which is a Subsidiary Company of such a Government Company; A Subsidiary of Government Company shall also be treated as a Government Company.
Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government. A company having business operations in India and registered under the Indian Companies Act, 1956 is called Indian Company. An Indian company may be formed as a public limited, private limited or government company
.the government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of the government to stock companies with a state as a regular stockholder.
Question 4
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Tick mark the correct answer.
M.B.O is a technique which requires that objectives of the enterprise.

A
Be written and defined in broad terms

B
Lay down the time period for achieving the results

C
Induce a plan of action for achieving the desired results

D
Be defined in terms of measurable results

Solution

MBO is a technique also known as Management by Objectives, which helps in determining goals for the management. This technique is used in different areas of an organization such as performance appraisal, organizational development, etc. The following are the advantages of this technique:
1. Clarifies roles and structures in an organization.
2. Provide effective control.
3. Helps in achieving specified goals.
Thus the correct answer is D.
Question 5
1 / -0

Which of the following are the characteristics of a company?

A
Corporate Personality

B
Limited Liability

C
Perpetual Succession

D
All of the above

Solution

A company as an entity has many distinct features that together make it a unique organization. The essential characteristics of a company are the following: Separate Legal Entity The company is distinct and different from its members in law. Thus, a company may be defined as An incorporated association which is an artificial -person created by law, having a separate entity, with perpetual succession, a common seal, capital divided into transferable shares, and carrying limited liability.
Question 6
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A joint ownership venture may be brought about in which of the following way(s)?

A
Foreign investor buying an interest in a local company.

B
Local firm acquiring an interest in an existing foreign firm.

C
Both the foreign and local entrepreneurs jointly forming a new enterprise.

D
All of the above

Solution

A joint venture (JV) is a business entity created by two or more parties, generally characterised by shared ownership, shared returns and risks, and shared governance.Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity.
Question 7
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Which amongst the following is NOT a role of a Company Secretary?

A
As a statutory officer

B
As an administrative officer

C
As a coordinator

D
As a manager

Solution

The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. Despite the name, the role is not clerical or secretarial.
The requirement to appoint a Company Secretary in Private Limited Company is governed by the Provision of Rule 8A and in Public / Listed Company by the provisions of Rule 8 of The Companies “Appointment and Remuneration of Managerial Personnel” Chapter XIII under Section 203 of the Companies Act, 2013.
Question 8
1 / -0

The maximum Statutory Liquidity Ratio to be maintained by banks is_______________:

A
25%

B
30%

C
35%

D
40%

Solution

The maximum Statutory Liquidity Ratio to be maintained by banks is 40%. This ratio refers to the minimum percentage of net total demand and time liabilities, which commercial banks are required to maintain with themselves. It is also determined by the RBI to control the expansion. This ratio is maintained to control the bank's leverage for the credit facility.
Thus the correct answer is D.
Question 9
1 / -0

MOFA stands for

A
Multi owned financial authority

B
Memorandum of financial association

C
Ministry of Foreign Affairs

D
None of the above

Solution

The Ministry of Foreign Affairs is the government department responsible for the state's diplomacy, bilateral, and multilateral relations affairs as well as for providing support for a country's citizens who are abroad. The entity is usually headed by a foreign minister. The Ministry of Foreign Affairs is an executive government agency which is responsible for foreign affairs.
Question 10
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Which of the following is a departmental undertaking?

A
LIC

B
BHEL

C
Railways

D
All of these

Solution

The Railways is managed by the Ministry of Railways. This is the oldest form of public sector enterprise. The departmental undertaking is considered as one of the departments of government. Therefore, Option C is correct.

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Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 18

Result

Public Private and Global Enterprises Test - 18

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SHARING IS CARING

Question 1

Railway

Atomic Energy

Defense

None of the above

Solution

Question 2

Various departments in Government Company registered under the Companies Act, 2013

Government Company registered under the Companies Act, 2013 in which all the shares are held by President of India and only one share is held by nominee of president.

Statutory corporations owned and controlled by Central or State Government.

All of the above

Solution

Question 3

Government Company

Public Company

Private Company

All of the above

Solution

Question 4

Be written and defined in broad terms

Lay down the time period for achieving the results

Induce a plan of action for achieving the desired results

Be defined in terms of measurable results

Solution

Question 5

Corporate Personality

Limited Liability

Perpetual Succession

All of the above

Solution

Question 6

Foreign investor buying an interest in a local company.

Local firm acquiring an interest in an existing foreign firm.

Both the foreign and local entrepreneurs jointly forming a new enterprise.

All of the above

Solution

Question 7

As a statutory officer

As an administrative officer

As a coordinator

As a manager

Solution

Question 8

25%

30%

35%

40%

Solution

Question 9

Multi owned financial authority

Memorandum of financial association

Ministry of Foreign Affairs

None of the above

Solution

Question 10

LIC

BHEL

Railways

All of these

Solution

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