Test: Public Private And Global Enterprises - 2


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


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This mock test of Test: Public Private And Global Enterprises - 2 for Commerce helps you for every Commerce entrance exam. This contains 20 Multiple Choice Questions for Commerce Test: Public Private And Global Enterprises - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Public Private And Global Enterprises - 2 quiz give you a good mix of easy questions and tough questions. Commerce students definitely take this Test: Public Private And Global Enterprises - 2 exercise for a better result in the exam. You can find other Test: Public Private And Global Enterprises - 2 extra questions, long questions & short questions for Commerce on EduRev as well by searching above.
QUESTION: 1

Which of the following comes under public sector?

Solution:

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.

QUESTION: 2

Which of the following comes under the private sector?

Solution:
QUESTION: 3

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

Solution:

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.

QUESTION: 4

Which of the following is an example of Departmental undertakings?

Solution:

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.

QUESTION: 5

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

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QUESTION: 6

Statutory corporations are ____________

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QUESTION: 7

Minimum number of members to form a private company is

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QUESTION: 8

Minimum number of members to form a public company is

Solution:
QUESTION: 9

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

Solution:
QUESTION: 10

A proposed name of Company is considered undesirable if

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QUESTION: 11

A prospectus is issued by

Solution:

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.

QUESTION: 12

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

Solution:
QUESTION: 13

Preliminary Contracts are signed

Solution:

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.

QUESTION: 14

Preliminary Contracts are

Solution:

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.

QUESTION: 15

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

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QUESTION: 16

Expand MOFA

Solution:

 

QUESTION: 17

Expand MNCs

Solution:

MNC stands for Multinational Corporation.

QUESTION: 18

Expand MOU

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QUESTION: 19

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

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QUESTION: 20

In 2001 only _________ industries were reserved exclusively for public sector

Solution: