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Test: Public, Private and Global Enterprises - 2 - Commerce MCQ


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20 Questions MCQ Test Business Studies (BST) Class 11 - Test: Public, Private and Global Enterprises - 2

Test: Public, Private and Global Enterprises - 2 for Commerce 2024 is part of Business Studies (BST) Class 11 preparation. The Test: Public, Private and Global Enterprises - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Public, Private and Global Enterprises - 2 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Public, Private and Global Enterprises - 2 below.
Solutions of Test: Public, Private and Global Enterprises - 2 questions in English are available as part of our Business Studies (BST) Class 11 for Commerce & Test: Public, Private and Global Enterprises - 2 solutions in Hindi for Business Studies (BST) Class 11 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Public, Private and Global Enterprises - 2 | 20 questions in 20 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Business Studies (BST) Class 11 for Commerce Exam | Download free PDF with solutions
Test: Public, Private and Global Enterprises - 2 - Question 1

Which of the following comes under public sector?

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

tatuary corporation:statutay corporation are the pub. Enterprise established and governed by a special act of the parliament or by the state or central lagislature.for ex. LIC
departmental undertaking:it is established under specific ministry all activities performed by this department are integral part of the ministry.thus no independent identity. it is managed by central or state government.for ex. Railway
government companiesin this investment is done by government to start the company and if the company get profit they have to give51% in social work. and if there is loss government is liable to pay.

Test: Public, Private and Global Enterprises - 2 - Question 2

Which of the following comes under the private sector?

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Test: Public, Private and Global Enterprises - 2 - Question 3

________ not been constituted as autonomous or independent institutions and as much are not independent legal entities

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 3

This is the most established and most customary type of sorting out open undertakings. These enterprises are established as departments of the ministry and are considered part or an extension of the ministry itself. The Government functions through these departments and the activities performed by them are an integral part of the functioning of the government. They have not been constituted as autonomous or independent institutions and as such are not independent legal entities. They act through the officers of the Government and its employees are Government employees. These undertakings may be under the central or the state government and the rules of central/state government are applicable. Examples of these undertakings are railways and post and telegraph department.

Test: Public, Private and Global Enterprises - 2 - Question 4

Which of the following is an example of Departmental undertakings?

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 4

For example, the Indian Railways are managed by the Ministry of Railways. Post and Telegraph services are run as a department, in the Ministry of Communication. The Delhi Milk Scheme, All India Radio, Doordarshan are other examples of departmental undertakings.

Test: Public, Private and Global Enterprises - 2 - Question 5

___________ are set up under an Act of parliament and are governed by the provisions of the Act.

Test: Public, Private and Global Enterprises - 2 - Question 6

Statutory corporations are ____________

Test: Public, Private and Global Enterprises - 2 - Question 7

Minimum number of members to form a private company is

Test: Public, Private and Global Enterprises - 2 - Question 8

Minimum number of members to form a public company is

Test: Public, Private and Global Enterprises - 2 - Question 9

Application for approval of name of a company is to be made to

Test: Public, Private and Global Enterprises - 2 - Question 10

A proposed name of Company is considered undesirable if

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 10

 The name proposed for a company is considered 'undesirable' if it is identical to the name of an existing company, or if the proposed name closely resembles the name of an existing company, or if it is an emblem of a government organisation. In all these cases, the name proposed is considered 'undesirable'.

Test: Public, Private and Global Enterprises - 2 - Question 11

A prospectus is issued by

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 11

A prospectus is a document issued by the company inviting the public and investors for the subscription of its securities. A prospectus also helps in informing the investors about the risk of investing in the company.

Test: Public, Private and Global Enterprises - 2 - Question 12

Stages in the formation of a public company are in the following order

Test: Public, Private and Global Enterprises - 2 - Question 13

Preliminary Contracts are signed

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 13

Contracts signed by promoters with third parties before the incorporation of company. Contracts signed after incorporation but before commencement of business. These are not legally binding on the company and cannot be ratified after incorporation. They can only be undertaken by public company.

Test: Public, Private and Global Enterprises - 2 - Question 14

Preliminary Contracts are

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 14

Preliminary contracts are contracts entered into by the promoters on behalf of the company before its incorporation with third parties. ... Such contracts are legally not binding upon the company even after it comes into existence.

Test: Public, Private and Global Enterprises - 2 - Question 15

When to business agree to join together for a common purpose and mutual benefit, it gives rise to a ___________

Test: Public, Private and Global Enterprises - 2 - Question 16

Expand MOFA

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 16

 

Test: Public, Private and Global Enterprises - 2 - Question 17

Expand MNCs

Detailed Solution for Test: Public, Private and Global Enterprises - 2 - Question 17

MNC stands for Multinational Corporation.

Test: Public, Private and Global Enterprises - 2 - Question 18

Expand MOU

Test: Public, Private and Global Enterprises - 2 - Question 19

In the 1956 resolution on industrial policy ______ industries were reserved for public sector.

Test: Public, Private and Global Enterprises - 2 - Question 20

In 2001 only _________ industries were reserved exclusively for public sector

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