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Public Private and Global Enterprises Test - 20

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Public Private and Global Enterprises Test - 20
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Which of the following enterprises operates as Government Companies?
    Solution
    Government company means any company in which at least 51 percent of the paid-up share capital is held by the central or state government or partly by central or state government. Examples - Steel Authority of India, State Trading Corporation, Hindustan Machine Tools.
  • Question 2
    1 / -0
    Which of the following enterprise is formed by passing a special act in the parliament?
    Solution
    A Public Corporation is a body corporate formed by a special act of parliament or the state legislature. It is wholly financed by the government. Its powers, objects, limitations, etc. are governed by such statute.
  • Question 3
    1 / -0
    Which of the following enterprises operates as a Joint Venture?
    Solution
    When two or more firms join together to establish a new enterprise then it is known as a joint venture. The two firms contribute capital and participate in the management of the said enterprise. Examples:
    1. Tata Iron and Steel Co. joined hands with IPCOL (a govt. enterprise) to promote IPITATA Sponge Iron Ltd.
    2. Tungabhadra Industries Ltd. of India and Yamaha Motor Company Ltd. of Japan joined together to form Birla Yamaha Ltd.
    3. Maruti of India and Suzuki of Japan joined together to form Maruti Suzuki India Ltd.
  • Question 4
    1 / -0
    A _____________ is regarded as a part of the government or its departments.
    Solution
    A departmental undertaking is considered as one of the departments of government. It has no separate legal existence from the government. It functions under the overall control of any one ministry or department of government. For example:- Railways, Defence, Post and Telegraph, Broadcasting, Telephone services, etc. 
  • Question 5
    1 / -0
    Which of the following operates is more than one country/nation?
    Solution
    Multinational consists of two different words "multi" and "national". Multi means many and national means countries or nations. So, multinational means an enterprise that operates in many countries. Such an enterprise has branches, factories, workshops, etc. in different countries.
  • Question 6
    1 / -0
    Which of the following enterprises operates as a departmental undertaking?
    Solution
    A departmental undertaking is considered as one of the departments of the government. It has no separate legal existence from the government. It functions under the overall control of one ministry or department of government. For example:- Railways, Defence, Post and Telegraph, Broadcasting, Telephone services, etc. 
  • Question 7
    1 / -0
    Delhi Metro Rail Corporation is _________ form of enterprise.
    Solution
    A public-private partnership refers to a government service or a private business venture, which is funded and operated through a partnership of the government and one or more private sector companies. These schemes are also referred to as PPP. Example - Delhi Metro Rail Corporation.
  • Question 8
    1 / -0
    A ___________ does not have a majority shareholding by the public and does not allow government interference in auditing and accounting, but it does ensure high dividend distribution to its members.
    Solution
    Government company means any company in which at least 51 percent of the paid-up share capital is held by the central or state government or partly by central or state government. It is relatively free from government and political interference and can function smoothly under the general vigilance of the government. Suitable changes can be introduced whenever needed within the provisions of the Companies Act. It is managed, financed, and audited just like any other private sector company. 
  • Question 9
    1 / -0
    In multinational companies, centralized control is exercised by ___________.
    Solution
    A multinational company means a company that operates in many countries via branches, factories, workshops in different countries. The headquarters of multinational companies are located in one country (home country) and it carries business in other countries (host countries).
  • Question 10
    1 / -0
    In the 2001 resolution on industrial policy the number of industries exclusively reserved for the public sector was brought down. This meant that the private sector can now enter all areas, except these and the public sector would have to compete with them. Which of the following areas are now exclusive for the public sector?
    a. Atomic energy
    b. Arms
    c. Communication
    d. Railways

    Solution
    In 2001, only three industries were reserved exclusively for the public sector. These are atomic energy, arms, and rail transport. This meant that the private sector could enter all areas (except the three) and the public sector would have to compete with them.
    Hence, C is the correct option.
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