Public Private and Global Enterprises Test

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Public Private and Global Enterprises Test - 9

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Weekly Quiz Competition

Question 1
1 / -0

Select the correct option given below:
Before the statutory meeting the secretary has to draft the _______.

A
progress report

B
annual report

C
statutory report

D
none of the above

Solution

Statutory meeting is the first meeting of the shareholders of a public company having a share capital and is held once in the lifetime of a company. The board of directors of a company shall atleast 21 days before the day on which the meeting is held, forward a report which is called as the statutory report to every member of the company. It should be certified as correct by atleast 2 directors.
Question 2
1 / -0

Food co-operation of India is ________.

A
a joint stock company

B
company managed by department

C
company established by Special Act of Parliament

D
none of the above

Solution

Food co-operation of India was set up on 14th January, 1965. It is regulated by the food co-operation act, 1964. Hence, food co-operation of India is company established by special act of parliament.
Question 3
1 / -0

Select the correct option given below:
The statutory meeting is held _______ of a company.

A
once in a life time

B
twice in a life time

C
every year

D
none of the above

Solution

A statutory meeting is held once in a lifetime of the company as to provide an opportunity to the members for discussing all matters relating to the formation of the company. All the companies, those are required to hold Statutory Meeting, shall hold its Statutory Meeting within a period of not less than 1 month nor more than 6 months from the date at which the company is entitled to commence business.
Question 4
1 / -0

Everything is an advantage of joint ventures except ________.

A
the costs of a new project can be split between the companies involved

B
manufacturing costs will be divided between the firms in the venture

C
joint ventures between firms in different countries can create new market opportunities

D
management of the joint venture will lead to disagreements.

Solution

Although joint ventures avail the benefit of reduction in cost, easy entry in overseas market etc., management of joint ventures lead to disagreement due to conflict in the thoughts of the parties involved. Small disagreement may prove healthy for the business as it will force management to evaluate its decision more carefully but if all parties are regularly not satisfied joint venture may lead to failure.
Question 5
1 / -0

If it is a global organization it means _______.

A
creating both standardized and customized products

B
creating standardized products for homogeneous markets

C
customizing the product range for each segment in part

D
none of the above

Solution

A global organization is creating both type of products, i.e standardized product for a region that sell standardized products and also customized products for customers.
Question 6
1 / -0

Gas authority of India Limited is an example of ______.

A
limited liability partnership

B
private limited company

C
public enterprise

D
none of the above

Solution

Public enterprise are the enterprise where the share of the government is 51% or more. It works basically for the welfare of the people. Gas authority of India Ltd. is owned by the government and works for the welfare of the people. Hence, it is a public enterprise.
Question 7
1 / -0

Which of the following can be categorized as "Departmental Undertakings"?
(1) Unit Trust of India
(2) Bharat Electronics Limited
(3) Posts and telegraph
(4) Posts and telegraph
(5) Food Corporation of India
The correct answer is -

A
(1), (2) & (4)

B
(1), (3) & (5)

C
(3) & (5)

D
(2) & (4)

Solution

The departmental undertaking is the oldest and traditional form of an organization of the public sector enterprise. It is organized, financed and controlled in such a manner that any other government organization. The undertaking is under the control of a minister who is responsible to the parliament.
Some example of departmental undertakings is Indian Railways, Post and Telegraph, All India Radio, Doordarshan etc.

Hence, D is the correct option.
Question 8
1 / -0

Section 2(45) of the Companies Act, 2013 defines a "Government company" as any company in which not less than ___________ of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government or partly by one or more State Governments.

A
31%

B
41%

C
51%

D
61%
Question 9
1 / -0

Which of the following entity is created under an Act of the Parliament or an Act of the State legislature?

A
Statutory corporation

B
Government companies

C
Co-operative society

D
Limited Liability Partnership

Solution

Statutory corporation refers to public enterprise which is created by a special Act of Parliament or State Legislature. which provides for its management and methods of running them,their powers and privileges are determined and their relation with government departments are specified.
Question 10
1 / -0

Below mentioned are the features of a public enterprise except __________.

A
its primary objective is to serve government departments

B
they are not accountable to public

C
in some specific areas, they have monopoly

D
both a and b

Solution

Public enterprises are the enterprises which are owned and managed by the government. Their main purpose is to serve the society and public at large. In some areas, they have monopoly too.

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Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 9

Result

Public Private and Global Enterprises Test - 9

Score

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Rank

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SHARING IS CARING

Question 1

progress report

annual report

statutory report

none of the above

Solution

Question 2

a joint stock company

company managed by department

company established by Special Act of Parliament

none of the above

Solution

Question 3

once in a life time

twice in a life time

every year

none of the above

Solution

Question 4

the costs of a new project can be split between the companies involved

manufacturing costs will be divided between the firms in the venture

joint ventures between firms in different countries can create new market opportunities

management of the joint venture will lead to disagreements.

Solution

Question 5

creating both standardized and customized products

creating standardized products for homogeneous markets

customizing the product range for each segment in part

none of the above

Solution

Question 6

limited liability partnership

private limited company

public enterprise

none of the above

Solution

Question 7

(1), (2) & (4)

(1), (3) & (5)

(3) & (5)

(2) & (4)

Solution

Question 8

31%

41%

51%

61%

Question 9

Statutory corporation

Government companies

Co-operative society

Limited Liability Partnership

Solution

Question 10

its primary objective is to serve government departments

they are not accountable to public

in some specific areas, they have monopoly

both a and b

Solution

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