Public Private and Global Enterprises Test

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Public Private and Global Enterprises Test - 8

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Weekly Quiz Competition

Question 1
1 / -0

Reconstruction of sick public sector units is taken up by ___________.

A
MOFA

B
MOU

C
BIFR

D
NRF

Solution

The Board for Industrial and Financial Reconstruction is an agency set up by the government of India to determine sickness of industrial companies and to assist in revival of those that may be viable and shutting down others. Hence, reconstruction of public sector units is taken up by BIFR.
Question 2
1 / -0

Disinvestments of PSE's implies _____________.

A
sale of equity shares to private sector/public

B
closing down operations

C
investing in new areas

D
buying shares PSE's

Solution

Public sector enterprise (PSE) is the enterprise owned by the Union Government of India or one of the many states or territorial Governments or both. These are the enterprises where the holding power of the Government is 51% or more. Whenever an enterprise faces disinvestment it sells its equity shares to the private sector/public.
Hence, A is the correct option.
Question 3
1 / -0

Secretary of Government department must be a member of the ______ .

A
Institute of Company Secretaries of India

B
Institute of Cost and Works Accounts of India

C
Indian Administrative Service

D
Any of above

Solution

Secretary of a government department must be a member of the Indian administrative service. Any individual will get such government posts only after clearing the IAS exam.
Question 4
1 / -0

A government company is any company in which the paid up capital held by the government is not less than _______.

A
49 percent

B
51 percent

C
50 percent

D
25 percent

Solution

Section 2(45) of the Indian companies act, 2013, defines government company as, "Any company in which not less than 51% of the paid up share capital is held by the central government, or by any state government."
Question 5
1 / -0

Public Enterprise is defined as __________.

A
an organisation run by joint efforts of Central and State Governments

B
an organisation which caters to the needs relating to public Utilities

C
an organisation in which capital is invested by public

D
an organisation owned and managed by public authorities for definite set of public purposes

Solution

Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. These are set for public enterprises, and hence, are accountable to the public.

Hence, D is the correct option.
Question 6
1 / -0

State-owned enterprises differ from privately funded companies because _______.

A
public companies can never belong to individual shareholders

B
public ownership involves workers in the running of the company then in the private sector.

C
they are funded out by government, funded from taxation.

D
none of the above

Solution

In a private funded companies the shareholders of the company are individuals. They can own the shares individually. But in a public limited company the shares of the company are owned by the government of that state and not individually. Hence, state-owned enterprises differ from privately funded companies because public companies can never belong to individual shareholders.
Question 7
1 / -0

Which are the key elements of public enterprises?

A
Recruitment and state control

B
Recruitment and Useful to various sectors

C
Public accountability and state control

D
Recruitment and Public accountability
Solution
Public enterprises are the enterprises where the holding share of the government id 51% or more. They operate basically to provide services to public. The following are the elements of public enterprises:
State ownership.
Public accountability.
State control.
Autonomy.etc.
Question 8
1 / -0

Out of the following _________ represents a company's effort to identify and categorize groups of customers and countries according to common characteristics.

A
global targeting

B
global marketing research

C
global marketing segmentation

D
global positioning.

Solution

The global marketing segmentation represents a company's efforts to identify and categorize groups of customers and countries according to common characteristics.
Question 9
1 / -0

An enterprise incorporated by a Special Act of Parliament or the State Legislature intending to carry on some business of national importance is called _______.

A
public company

B
statutory corporation

C
registered company

D
registered statutory company

Solution

The statutory corporations are public bodies which are regulated by a statute. E.g. RBI, SBI .etc. Hence, an enterprise incorporated by a Special Act of Parliament or the state legislature intending to carry on some business of national importance is called statutory corporation.
Question 10
1 / -0

Select the correct option given below:
An Extra Ordinary General Meeting is held __________ .

A
once in a year

B
once in a lifetime

C
under special circumstances

D
None of these

Solution

An extra ordinary general meeting is held under special circumstances as and when need arises. It is not mandatory but can be held voluntarily as there are no legal requirements for any company to hold a extra-ordinary general meeting.

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Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 8

Result

Public Private and Global Enterprises Test - 8

Score

-

Rank

-

SHARING IS CARING

Question 1

MOFA

MOU

BIFR

NRF

Solution

Question 2

sale of equity shares to private sector/public

closing down operations

investing in new areas

buying shares PSE's

Solution

Question 3

Institute of Company Secretaries of India

Institute of Cost and Works Accounts of India

Indian Administrative Service

Any of above

Solution

Question 4

49 percent

51 percent

50 percent

25 percent

Solution

Question 5

an organisation run by joint efforts of Central and State Governments

an organisation which caters to the needs relating to public Utilities

an organisation in which capital is invested by public

an organisation owned and managed by public authorities for definite set of public purposes

Solution

Question 6

public companies can never belong to individual shareholders

public ownership involves workers in the running of the company then in the private sector.

they are funded out by government, funded from taxation.

none of the above

Solution

Question 7

Recruitment and state control

Recruitment and Useful to various sectors

Public accountability and state control

Recruitment and Public accountability

Solution

Question 8

global targeting

global marketing research

global marketing segmentation

global positioning.

Solution

Question 9

public company

statutory corporation

registered company

registered statutory company

Solution

Question 10

once in a year

once in a lifetime

under special circumstances

None of these

Solution

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