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Public Private and Global Enterprises Test - 6

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Public Private and Global Enterprises Test - 6
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Weekly Quiz Competition
  • Question 1
    1 / -0
    ___________ is set up by passing a special act in the parliament and is governed by the provision of such act.
    Solution
    A statutory corporation is a body corporate formed by a special act of Parliament or by the state legislature. It is fully financed by the government. Its powers, objects, and limitations are all governed by such act. For example - Life Insurance Corporation of India (LIC).
  • Question 2
    1 / -0
    Which of the following corporation conducts its operations across multiple countries/nations?
    Solution
    Multinational consists of two different words "multi" and national. Multi means many, and nation means country. Multinational Corporations or Multinational Companies are corporate organizations that operate in more than one country other than their home country.
    Hence, B is the correct option.
  • Question 3
    1 / -0
    ________ can also be described as any form of association which implies collaboration for more than a transitory period.
    Solution
    A joint venture is a business entity created by two or more parties, generally characterised by shared ownership, shared returns and risks, and shared governance.
  • Question 4
    1 / -0
    The shares bought by a government company are under the name of ________.
    Solution
    The company's shares are purchased in the name of the President of India. This is because the government owns a large portion of these enterprises and has control over their administration. Hence, these shares are under the authority of the President of India.
    Hence, B is the correct option.
  • Question 5
    1 / -0
    Which type of organisations are owned and managed by government?
    Solution
    Public sector organizations are owned and managed by the government. The service and manufacturing sectors are present in both private and public sectors.
  • Question 6
    1 / -0
    RBI was formed as which type of public enterprise?
    Solution
    A statutory corporation is a body of corporate formed by a special Act of parliament or by the central and state legislature. It is fully financed by the government. Its powers, objects, limitations, etc are also decided by the act of legislature For example:- Life insurance corporation of India, Food Corporation of India, Reserve bank of India.
  • Question 7
    1 / -0
    Which of the following businesses was founded as a result of a special act passed by parliament?
    Solution
    Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. Its powers, objects, limitations, etc. are also decided by the act of the legislature.
    Hence, B is the correct option.
  • Question 8
    1 / -0
    As per Companies Act $$2013$$, a company is -
    A. Formed and registered under the Companies Act, $$2013$$
    B. An existing company registered under any earlier Companies Act
    Select the correct answer from the options given below.
    Solution
    A company, which is incorporated under the relevant legislation of a foreign country, will not qualify as a company under the 2013 Act The proviso to section 2(71) states that “a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes.
  • Question 9
    1 / -0
    The Five-member Disinvestment Commission was setup in _______.
    Solution
     The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs.3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs. It submitted 13 reports covering recommendations on privatisation of 57 PSUs.Dr R.H.Patil subsequently took up the chairmanship of this Commission in July 2001.However, the Disinvestment Commission ceased to exist in May 2004. 

  • Question 10
    1 / -0
    Which type of retail stores generally has the highest operating costs?
    Solution
    Departmental retail stores have the highest operating cost as they deal in different variety of products which can be purchased at one place. A large amount of finance is needed to start a departmental store.
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