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Test: Public, Private and Global Enterprises- Case Based Type Questions - Commerce MCQ


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12 Questions MCQ Test - Test: Public, Private and Global Enterprises- Case Based Type Questions

Test: Public, Private and Global Enterprises- Case Based Type Questions for Commerce 2024 is part of Commerce preparation. The Test: Public, Private and Global Enterprises- Case Based Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Public, Private and Global Enterprises- Case Based Type Questions 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- Case Based Type Questions below.
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Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 1
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Direction: Mr. Gajendra is a businessman dealing in the sale of electronic items. His daughter Gauri is working in Kotak Mahindra Bank and his son, Sarvesh is working in State Electricity Board. Mr. Gajendra applied for a home loan with Kotak Mahindra. He was impressed with the efficient work culture of the bank as he got the loan in a short period of time, much before his expectations. He also applied for electricity connection in State Electricity Board. Even after six months, he could not get any satisfactory response for the delay in getting his connection from concerned authorities. Gauri told her father that public sector and its work culture is different from that of private sector. It could not compete with private sector in terms of efficiency and in terms of profits as well.

Q. His daughter Gauri is working in Kotak Mahindra Bank. Identify the sector, in which Gauri is working

Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 1

  • Gauri is working in private sector.

  • The private sector refers to the part of the economy that isn't controlled by the state. It includes any for-profit businesses run by individuals or companies. Businesses controlled by the government are part of the public sector, while charities or other non-profits are part of the voluntary sector.

Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 2
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Direction: Mr. Gajendra is a businessman dealing in the sale of electronic items. His daughter Gauri is working in Kotak Mahindra Bank and his son, Sarvesh is working in State Electricity Board. Mr. Gajendra applied for a home loan with Kotak Mahindra. He was impressed with the efficient work culture of the bank as he got the loan in a short period of time, much before his expectations. He also applied for electricity connection in State Electricity Board. Even after six months, he could not get any satisfactory response for the delay in getting his connection from concerned authorities. Gauri told her father that public sector and its work culture is different from that of private sector. It could not compete with private sector in terms of efficiency and in terms of profits as well.

Q. ‘It could not compete with private sector in terms of efficiency and in terms of profits as well.’ The reason for this is their ------

Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 2
The reason for this is their motive, autonomy and management.
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Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 3
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Direction: Mr. Gajendra is a businessman dealing in the sale of electronic items. His daughter Gauri is working in Kotak Mahindra Bank and his son, Sarvesh is working in State Electricity Board. Mr. Gajendra applied for a home loan with Kotak Mahindra. He was impressed with the efficient work culture of the bank as he got the loan in a short period of time, much before his expectations. He also applied for electricity connection in State Electricity Board. Even after six months, he could not get any satisfactory response for the delay in getting his connection from concerned authorities. Gauri told her father that public sector and its work culture is different from that of private sector. It could not compete with private sector in terms of efficiency and in terms of profits as well.

Q. ......... his son, Sarvesh is working in State Electricity Board’ Identify the form of business organisation state Electricity Board is related to ?

Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 3
Departmental Undertakings are the most established and traditional form of an organisation which is owned and regulated by authoritative bodies of the public sector. Such organisations and enterprises are financed and controlled, just like any other government-owned organisation in a country.
Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 4
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Direction: Mr. Gajendra is a businessman dealing in the sale of electronic items. His daughter Gauri is working in Kotak Mahindra Bank and his son, Sarvesh is working in State Electricity Board. Mr. Gajendra applied for a home loan with Kotak Mahindra. He was impressed with the efficient work culture of the bank as he got the loan in a short period of time, much before his expectations. He also applied for electricity connection in State Electricity Board. Even after six months, he could not get any satisfactory response for the delay in getting his connection from concerned authorities. Gauri told her father that public sector and its work culture is different from that of private sector. It could not compete with private sector in terms of efficiency and in terms of profits as well.

Q. What is the reason behind delay in decision making in the form of business employing Sarvesh?
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 4
The reason behind delay in decision making in the form of business employing Sarvesh is Red-tapism.

Red Tapism refers to excessive regulation or rigid conformity to formal rules that is considered redundant and bureaucratic and hinders action or decision-making. In other words, these are burdensome rules, providing no added value.

Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 5
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Direction: Read the following text and answer the questions that follow:

To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.

Q. Identify the kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd.
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 5
The kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd. is Joint Venture.
Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 6
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Direction: Read the following text and answer the questions that follow:

To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.

‘Both the business parties have subscribed the Shares of the new company in agreed ratio’

Q. The type of business venture formed is ______venture.
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 6
The type of business venture formed is Equity- based venture.

An equity joint venture (EJV) is an agreement between two companies to enter into a separate business venture together. Each partner participates in gains and losses according to the percentage equity ownership they have in the joint venture.

Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 7
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Direction: Read the following text and answer the questions that follow:

To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.

‘Both the business parties have subscribed the Shares of the new company in agreed ratio’

Q. Which of the following benefits of such type of partnership is not mentioned in above passage
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 7
Established brand name: To be an established brand, the brand should have also developed a place within its category. It has to be known, have some specific character traits that its customers would clearly associate with the brand. Any brand that has been around awhile runs the risk of becoming stale or lazy.
Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 8
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Direction: Read the following text and answer the questions that follow:

To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.

‘Both the business parties have subscribed the Shares of the new company in agreed ratio’ ......... benefitted by learning professional management practices and technically qualified workforce of Shizuka Computers Ltd.’.

Q. This has resulted in which of the following:
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 8
This has resulted in Low cost of production. A low-cost producer is a company in a specific industry that can produce goods at a lower cost than other producers. That is, the producer has a higher profit margin on the sale of a product than competitors. This often leads to the producer charging lower prices for products to achieve higher sales that competitors.
Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 9
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Direction: Read the following text and answer the questions that follow:

Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.

Q. ”............. in Indian economy where both private sector and public sector exists”. Identify the nature of Indian economy.
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 9
The nature of Indian economy is mixed economy. A mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. Mixed economies socialize select industries that are deemed essential or that produce public goods.
Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 10
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Direction: Read the following text and answer the questions that follow:

Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.

Q. What is the minimum percentage of the paid-up capital that must be held by the government in Government Companies?
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 10
The minimum percentage of the paid-up capital that must be held by the government in Government Companies is 51%.
Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 11
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Direction: Read the following text and answer the questions that follow:

Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.

Q. ’Public Sector Enterprises formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministry’. Name the type of PSEs stated here
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 11
PSEs stated here is departmental undertakings.

Departmental Undertakings are the most established and traditional form of an organisation which is owned and regulated by authoritative bodies of the public sector. Such organisations and enterprises are financed and controlled, just like any other government-owned organisation in a country.

Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 12
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Direction: Read the following text and answer the questions that follow:

Rachit a student of XI standard was asked by his Business Studies teacher to write an article on ‘Role of Public Sector Enterprises in Indian economy’, where both private sector and public sector exists. While writing the article he learned about various types of PSUs through which government achieves its objective of establishing socialistic pattern of society. There are various Public Sector Enterprises, formed by the government in strategic areas like Defence, Railways, etc. under the direct control of ministries and on the other hand for various public utility services it created PSE to work as an autonomous body by passing a Special Act in the Parliament. To run on commercial lines and to compete with companies in private sector, the PSEs like ONGC, BHEL, etc. are successfully working with the ownership shared with private sector but the private sector can have maximum 49% of ownership only. As per the needs of economy, and industrial policies, the government has to change its policies for PSEs.

Q. ’PSE to work as an autonomous body by passing a Special Act in the Parliament’. Which of the following PSE is an example of such Public sector undertakings?
Detailed Solution for Test: Public, Private and Global Enterprises- Case Based Type Questions - Question 12
Unit Trust of India is an example of such Public sector undertakings.

Public Sector undertakings refer to commercial ventures of the Government where user fees are charged for services rendered. The tariff/fees may be market based or subsidised. They are usually fully owned and managed by the Government such as Railways, Posts, Defence Undertakings, Banks etc.

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