Explore Exams
Login Signup
Sign in Open App
Commerce Exam  >  Commerce Tests  >  Test: Private, Public and Global Enterprises - 1 - Commerce MCQ

Test: Private, Public and Global Enterprises - 1 - Commerce MCQ


Test Description

10 Questions MCQ Test - Test: Private, Public and Global Enterprises - 1

Test: Private, Public and Global Enterprises - 1 for Commerce 2025 is part of Commerce preparation. The Test: Private, Public and Global Enterprises - 1 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Private, Public and Global Enterprises - 1 MCQs are made for Commerce 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Private, Public and Global Enterprises - 1 below.
Solutions of Test: Private, Public and Global Enterprises - 1 questions in English are available as part of our course for Commerce & Test: Private, Public and Global Enterprises - 1 solutions in Hindi for Commerce course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Private, Public and Global Enterprises - 1 | 10 questions in 10 minutes | Mock test for Commerce preparation | Free important questions MCQ to study for Commerce Exam | Download free PDF with solutions
Test: Private, Public and Global Enterprises - 1 - Question 1
Save

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

Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 1

B: 51 per cent

  • A government company is any company in which the paid-up capital held by the government is not less than 51 per cent.
  • This means that the government must hold at least 51% of the total shares or paid-up capital of the company to be classified as a government company.
  • Such companies are considered to be part of the public sector and are subject to government control and ownership.
Test: Private, Public and Global Enterprises - 1 - Question 2
Save

PSE's are organisations owned by

Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 2

A: Government

  • PSE's (Public Sector Enterprises) are organizations owned by the government.
  • These enterprises are established and operated by the government to provide goods and services to the public, promote economic development, and ensure the welfare of the citizens.
  • Public Sector Enterprises can be at the central government level or state government level, and they are governed and funded by the respective governments.
Clear all your doubts with EduRev
Test: Private, Public and Global Enterprises - 1 - Question 3
Save

Reconstruction of sick public sector units is taken up by

Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 3

D: BIFR

  • The reconstruction of sick public sector units is taken up by the Board for Industrial and Financial Reconstruction (BIFR). BIFR was a regulatory body in India that was responsible for identifying and reviving sick and potentially viable industrial companies, including public sector units, that were facing financial difficulties.
  • It was established under the Sick Industrial Companies (Special Provisions) Act, 1985.
Test: Private, Public and Global Enterprises - 1 - Question 4
Save

Disinvestments of PSE's implies
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 4

C: Sale of equity shares

  • Disinvestment of PSE's (Public Sector Enterprises) implies the sale of equity shares or divestment of government ownership in these enterprises. It involves reducing the government's stake in a PSE by selling shares to private investors or the public.
  • The purpose of disinvestment can vary, including raising funds for the government, improving efficiency and management of the PSE, reducing the fiscal burden, and encouraging private sector participation in the economy.
Test: Private, Public and Global Enterprises - 1 - Question 5
Save

Indian economy consists of ___________
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 5

C: Private and Government owned business

  • The Indian economy consists of both private and government-owned businesses. It is a mixed economy where private enterprises and public sector undertakings (owned and operated by the government) coexist and contribute to economic activities.
  • Private businesses are operated by individuals or private entities, whereas government-owned businesses are enterprises in which the government holds a significant stake or complete ownership. This mix of private and public ownership allows for a diverse range of economic activities and services in the country.
Test: Private, Public and Global Enterprises - 1 - Question 6
Save

Indian economy is _________
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 6

C: Mixed Economy

  • The Indian economy is classified as a mixed economy. A mixed economy is one in which both the private sector and the public sector coexist and play significant roles in economic activities. In a mixed economy, the government intervenes in certain sectors and industries, while leaving others to be driven by market forces and private enterprise.
  • In India, various industries and sectors are run by private companies, individuals, and entrepreneurs, making up the private sector. At the same time, the government also owns and operates several industries, public sector undertakings, and provides essential services like education, healthcare, infrastructure, and social welfare programs.
  • The mixed economy approach in India allows for a combination of free market principles and government regulation, aiming to achieve economic growth, social welfare, and equitable distribution of resources.
Test: Private, Public and Global Enterprises - 1 - Question 7
Save

___________ consists of business owned by individuals or a group of individuals
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 7

B: Private Sector

  • The Private Sector consists of businesses owned and operated by individuals or groups of individuals, rather than by the government.
  • These private businesses are typically driven by the motive of profit-making and include a wide range of enterprises across various industries.
  • In a private sector, ownership and control of businesses rest with private individuals, companies, or corporations, and they operate in competitive markets.
Test: Private, Public and Global Enterprises - 1 - Question 8
Save

____ consists of various organisations owned and managed by Government
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 8

D: Public Sector

  • The Public Sector consists of various organizations that are owned and managed by the government. 
  • These organizations may be involved in various industries and sectors, such as manufacturing, infrastructure, utilities, education, healthcare, and more. The main objective of the public sector is to provide essential goods and services to the public, promote social welfare, and contribute to economic development. 
  • Public sector organizations are funded and controlled by the government, and they play a crucial role in the economy, working alongside the private sector and other sectors to ensure balanced growth and development.
Test: Private, Public and Global Enterprises - 1 - Question 9
Save

In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 9

The Industrial Policy Resolution of 1948 was the first industrial policy of independent India. It laid down the broad framework for the development of the industrial sector, emphasizing the mixed economy model, with the roles of both the public and private sectors clearly specified.

Later, the Industrial Policy Resolution of 1956 provided a more detailed framework, focusing on the expansion of the public sector and the development of heavy industries.

Test: Private, Public and Global Enterprises - 1 - Question 10
Save

What is a key feature of departmental undertakings in the public sector?
Detailed Solution for Test: Private, Public and Global Enterprises - 1 - Question 10

- Departmental undertakings are a part of the government and do not operate independently.
- They are directly controlled by government departments and are subject to the rules and regulations that govern federal or state government operations.
- Employees are government servants, not private sector workers.
- They are not owned by shareholders; ownership lies with the government.
- Therefore, the key feature of departmental undertakings is that they are governed by rules applicable to federal or state governments (Option C).

Information about Test: Private, Public and Global Enterprises - 1 Page
In this test you can find the Exam questions for Test: Private, Public and Global Enterprises - 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Private, Public and Global Enterprises - 1, EduRev gives you an ample number of Online tests for practice
Download as PDF

Important Questions for Private, Public and Global Enterprises - 1

Find all the important questions for Private, Public and Global Enterprises - 1 at EduRev.Get fully prepared for Private, Public and Global Enterprises - 1 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Private, Public and Global Enterprises - 1 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Private, Public and Global Enterprises - 1 resources.

Private, Public and Global Enterprises - 1 MCQs with Answers

Prepare for the Private, Public and Global Enterprises - 1 within the Commerce exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Private, Public and Global Enterprises - 1

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Private, Public and Global Enterprises - 1 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Signup to see your scores go up
within 7 days!
Takes less than 10 seconds to signup