MCQ Based Questions on Class 11 Business studies for chapter-3 Private, Public And Global Enterprises
Find below MCQ Based Questions on Class 11 Business studies for chapter-3 Private, Public And Global Enterprises all the MCQ questions are explained with correct answers and explanations. To check the correct answer click on the answer.
Find MCQ questions for class 11 Business studies-3 Private, Public And Global Enterprises
Business Studies - MCQ on Private, Public And Global Enterprises
Class XI
Q. 1.In a government company paid up capital with government is not less than
49 per cent
51 per cent
50 per cent
25 per cent
Answer:
.II.51%
Explanation: A government company means any company in which not less than 51 percent of the paid up capital is held by the central government, or by any state government.
Q. 2. Centralized control in MNC’s implies control exercised by
Branches
Subsidiaries
Headquarters
Parliament
Answer:
.III.Headquarters
Explanation: They have their headquaters in their home country and exercise control over all branches and subsidiaries.
Q. 3. PSE’s are organizations owned by
Joint Hindu family
Government
Foreign Companies
Private entrepreneurs
Answer:
.II.Government
Explanation: Non strategic Public Sector Enterprises are government organization
Q. 4. Reconstruction of sick public sector units is taken up by
I. MOFA
II. MoU
III. BIFR
IV. NRF
Answer:
III.BIFR
Explanation: Board of Industrial and Financial Reconstruction
Q. 5.Disinvestments of PSE’s implies
Sale of equity shares to private sector/public operations
Closing down
Investing in new areas
Buying shares PSE’s
Answer:
I. Sale of equity shares to private sector/public operations
Explanation: Transferring the commercial risk to the private sector so that the funds are invested in able projects.
Q. 6.Mixed Economy is a combination of
Goods and services
Private sector and cooperatives
Public sector and private sector
Private sector and MNC
Ans.III.Public sector and private sector
Explanation: When the government sector and private companies co-exist in an economy it is called mixed economy
Q. 7.Before 1991 which sector was given more importance
Public Sector
Private Sector
Both Sectors
Social Groups
Answer:
I. Public Sector
Explanation: The public sector was given a lot of importance but at the same time mutual dependency of public and private sectors was emphasized.
Q. 8.Which was the most important decision which was taken by the government after 199?
I. Restructure and revive potentially viable PSUs
II. Close down PSUs, which cannot be revived
III. Bring down governments equity in all PSUs to 26 per cent or lower
IV. All of them
Answer:
All of them
Explanation: Along with all these decision government has taken one more decision to fully protect the interest of workers.
Q. 9.Which of this industry is still with government?
I. Railways
II. Insurance
III. Banking
IV. Transportation
Answer:
. I.Railways
Explanation: Railways are fully owned with the government
Q. 10.What was the objective of industrial policy formed in 1991?
Investment in private sector
Disinvestment of Public sector
Encouraging public sector
Changing the guidelines of Public Sector
Answer:
II. Disinvestment of Public sector
Explanation: The main objective was to give public sector in private hands and liberalize the rules for the private sector to expand.
Q. 11 .FDI means
I. Foreign direct Investment
II. Future Direct Investment
III. Foreign Direct Income
IV. Follow Direct Investment
Answer:
I. Foreign direct Investment
Explanation: foreign direct investment was invited from business houses outside India.
Q. 12.Indian Economy is composed of
Private sector
Public sector
Global Enterprises
All of them
Ans.IV.All of them
Explanation: Indian economy has all the three sectors for economic development
Q. 13.Partnership is form of
I. Public sector
II. Private sector
III. Government Sector
IV. None
Answer:
II. Private sector
Explanation: Partnership business when two or more persons start a business under partnership Act
Q. 14.Statutory organization is a form of:
Private sector
Public Sector
Global Sector
Mixed Economy
Answer:
.II.Public Sector
Explanation: Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament.
Q. 15.Which is the oldest form of Public Sector?
Statutory organization
Departmental undertaking
Government Company
Cooperatives
Answer:
.II.Departmental undertaking
Explanation:The Government functions through these departments and the activities performed are an important part of the functioning of the government.
Q. 16.Who manages the Departmental undertaking
Department
Ministry
Private Sector
Cooperatives
Answer:
II. Ministry
Explanation: These enterprises are established as departments of the ministry and are considered part or an extension of the ministry.
Q. 17.How do statutory corporations come into existence?
Government
Special Act of Parliament
Management
Public
Answer:
II. Special Act of Parliament
Explanation: Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations .
Q. 18.Statutory corporations is
I. Dependent
II. Independent
III. Difficult rules and regulations
IV. None
Answer:
II. Independent
Explanation: Statutory corporations is in dependent in terms of finance and existence
Q. 19.The profit of Statutory corporations goes to
I. State Government
II. Central Government
III. Parliament
IV. District Government
Answer:
I.State Government
Explanation: This type of organisation is wholly owned by the state. The government has the ultimate financial responsibility and has the power to appropriate its profits.
Q. 20.A government Company is established under
I. Special Act of Parliament
II. Government Act
III. Indian Companies Act, 1956
IV. Indian Cooperative Act
Answer:
III.Indian Companies Act, 1956
Explanation: Government company is formed under the Indian Companies Act, 1956 and is registered governed by the provisions of the Indian Companies Act.
Q. 21.The Government Company share is purchased in the name of the
I. Prime Minister of India
II. President of India
III. Government of India
IV. In the name of the company
Answer:
II.President of India
Explanation: The shares are purchased in the name of President osit is owned by government.
Q. 22 Which is most flexible?
I. Statutory organization
II. Departmental undertaking
III. Government Company
IV. None
Answer:
I.Statutory organization
Explanation: It is the most flexible among them because it is independent
Q. 23.Infrastructural investment was made by
I. Public sector
II. Private sector
III. Both
IV. Builder association
Answer:
I. Public sector
Explanation: As infrastructure requires a lot of investment which was done by public sector earlier along with industrial development
Q. 24. What is the major objective of planned development?
I. Development of urban areas
II. Development of infrastructure
III. Development of backward region
IV. Development of plans of five years
Answer:
.III. Development of backward region
Explanation: Development of backward regions to ensure a regional balance in the country is one of the major objectives of planned development.
Q. 25.How many industries come under government:
I. 1
II. 3
III. 8
IV. 17
Answer:
II. 3
Explanation: Railways, atomic energy and defense comes under government
Q. 26.Why government has taken decision for disinvestment
I. To reduce undertaking
II. To raise resources
III. Participation of the general public
IV. All
Answer:
Iv.All
Explanation: All these factors were essential for economic development so government ha disinvested public sector
Q. 27.What was set up by the government to retrain labour and to provide compensation to public sector employees seeking voluntary retirement.
I. A National Renewal Fund
II. National Refund
III. National registered fund
IV. National voluntary fund
Answer:
I. A National Renewal Fund
Explanation: It was formed by government to distribute the amount to employees who are taking voluntary retirement
Q. 28.What is the full form of MNC
I. Multinational company
II. Multinational Corporation
III. Multinational construction
IV. Multinational community
Answer:
II.Multinational Corporation
Explanation: Big corporations which have their operations in a number of countries
Q. 29.What are global enterprises known as
I. MIFA
II. PSE
III. MOFA
IV. VRS
Answer:
III.MOFA
Explanation: Majority Owned Foreign Affiliates. They operates in several countries and extend their industrial and marketing operations through branches called MOFA
Q. 30.How much global enterprise contribute in world GDP
I. 30
II. 28.3
III. 33.6
IV. 40
Answer:
.II.28.3
Explanation: In the world global companies are very important because they contribute 28.3 %
Q. 3.1From where the approval is taken if the partner is a foreigner
I. RBI
II. SEBI
III. Both
IV. IFPB
Answer:
I.RBI
Explanation The approval can be obtained either from the Reserve Bank of India or Foreign Investment Promotion Board (FIPB), depending upon particular circumstances.
Q. 32.Which is the joint venture agreement.
I. MOA
II. MOU
III. AOA
IV. AOU
Answer:
II.MOU
Explanation Memorandum of understanding is a joint venture agreement
Q. 33. What involves a high degree of public accountability?
I. Statutory organization
II. Departmental undertaking
III. Government Company
IV. MNC
Answer:
II.Departmental undertaking
Explanation: These ensure a high degree of public accountability ten only profit can be earned
Q. 34.What was the first case of successful privatization
I. Hindustan Zinc limited
II. BSNL
III. Lagan Jute Machinery Company Limited
IV. Bharat Bhari Udyog Nigam Limited
Answer:
III.Lagan Jute Machinery Company Limited
Explanation:The Lagan Jute Machinery Company Limited (LJMC) was the first case of successful privatization of a Central Public Sector Undertaking, carried out by the Government.
Q. 35.Globalisation has opened the door for
I. Immigration
II. Trade and commerce
III. Culture
IV. Services
Answer:
II.Trade and commerce
Explanation: Exchange of goods and services entrance to private sectorFDI,FII with rest of the world was done after globalization
Q. 36. Which bank has the most number of ATMs across India?
I. SBBJ
II. SBI
III. ICICI
IV. HDFC
Answer:
II.SBI
Explanation: SBI is growing at a rate of 16% yearly.
Q. 37. Who entered as the biggest players in the telecom sector in 2005.
I. Hutch
II. Bharti
III. TATA
IV. Idea
Answer:
II.Bharti
Explanation:Bharti entered 2005 as the biggest players in the telecom sector. Airtel, with 15 million customers, is only one of Bharti’s ventures.
Q. 38.Which is the most secure form of business?
I. Statutory organization
II. Departmental undertaking
III. Government Company
IV. MNC
Answer:
II.Departmental undertaking
Explanation: Where national security is concerned, this form is most suitable since it is under the direct control and supervision of the concerned Ministry.
Q. 39.Statutory corporations employees are governed with
I. Government
II. Provision of Act
III. Ministry
IV. Company Act
Answer:
II.Provision of Act
Explanation: The employees of these enterprises are not government or civil servants and are not governed by government rules and regulations. The conditions of service of the employees are governed by the provisions of the Act itself.
Q. 40.Government Company is exempted from Audit?
I. Yes
II. No
III. May be
IV. Not sure
Answer:
I.Yes
Explanation: These companies are exempted from the accounting and audit rules and procedures.